The Fair Share Report
8 Ely Ct
Bridgewater, NJ 08807
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $400,197 – $473,421, from 12 comparable Bridgewater sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Bridgewater assessments sit below market value — republished every October, applied town-wide. A $416,542 home should be assessed near $361,225.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,125 below what the ratio math suggests (2.2%).
Step 4 · The tax rate — same for every Bridgewater home
$1.294 Schools · 68% $0.364 County · 19% $0.244 Town · 13%
This home's own bill implies $1.738 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Bridgewater sale · assessed ÷ market
68%105%
Paying about right
This home's ratio lands inside Bridgewater's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 711 ROUTE 202 | 2026-02 | $425,000 | 1,242 | 84.2% |
| 153 HILLSIDE AVENUE | 2025-02 | $575,000 | 1,241 | 78.1% |
| 467 BAYBERRY ROAD | 2026-05 | $400,000 | 1,174 | 108.7% |
| 167 BRAHMA AVENUE | 2025-06 | $551,000 | 1,383 | 75.2% |
| 543 ALLETRA AVE | 2025-01 | $500,000 | 1,272 | 99.8% |
| 207 OLD YORK ROAD | 2025-04 | $530,000 | 1,236 | 69.1% |
| 1404 PINHORN DR. | 2026-05 | $425,000 | 1,206 | 82.6% |
| 209 PORTER WAY EAST | 2025-06 | $372,000 | 1,206 | 93.3% |
| 401 PORTER WAY WEST | 2025-04 | $380,000 | 1,206 | 90.7% |
| 809 PORTER WAY WEST | 2026-04 | $410,000 | 1,158 | 84.0% |
| 1109 PINHORN DR. | 2026-04 | $363,000 | 1,158 | 92.8% |
| 356 VICTORIA DRIVE | 2026-06 | $429,000 | 1,155 | 88.0% |
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