The Fair Share Report
87 Pendleton Pl
Old Bridge, NJ 08857
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 $450,967 – $629,190, from 12 comparable Old Bridge 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 Old Bridge assessments sit below market value — republished every October, applied town-wide. A $493,986 home should be assessed near $139,946.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,646 below what the ratio math suggests (8.3%).
Step 4 · The tax rate — same for every Old Bridge home
$3.800 Schools · 62% $1.156 County · 19% $1.138 Town · 19%
Step 5 · The bill
This home vs. every recent Old Bridge sale · assessed ÷ market
15%38%
Paying about right
This home's ratio lands inside Old Bridge'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 |
|---|---|---|---|---|
| 145 WILCOX CT | 2025-06 | $457,000 | 1,663 | 26.6% |
| 166 DEVON CT | 2025-06 | $480,000 | 1,596 | 24.1% |
| 10 COVENTRY CT | 2026-02 | $520,000 | 1,605 | 20.7% |
| 143 GOLDMINE LN | 2026-01 | $600,000 | 1,547 | 24.1% |
| 127 DIAMOND LN | 2025-10 | $550,000 | 1,547 | 25.7% |
| 283 SILVER LN | 2025-01 | $635,000 | 1,547 | 24.3% |
| 157 GOLDMINE LN | 2025-09 | $625,000 | 1,596 | 21.7% |
| 157 GOLDMINE LN | 2025-05 | $400,000 | 1,596 | 33.9% |
| 340 JESTER CT | 2025-10 | $510,000 | 1,676 | 24.1% |
| 165 PENN CT | 2026-04 | $575,000 | 1,524 | 20.5% |
| 81 LETTS CT | 2025-12 | $430,000 | 1,524 | 28.2% |
| 165 PENN CT | 2025-10 | $370,000 | 1,524 | 31.8% |
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