The Fair Share Report
97 Pine St
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 $557,754 – $720,565, 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 $614,599 home should be assessed near $532,980.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,880 below what the ratio math suggests (7.5%).
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 $1.761 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
63%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 |
|---|---|---|---|---|
| 1205 PINHORN DR. | 2025-01 | $667,000 | 1,792 | 86.0% |
| 1003 PINHORN DR. | 2026-01 | $540,000 | 1,820 | 95.9% |
| 56 LOFT DRIVE | 2026-06 | $734,000 | 1,720 | 90.9% |
| 23 CHAMBERLIN WAY | 2025-04 | $674,000 | 1,720 | 97.3% |
| 3803 VROOM DR. | 2026-01 | $710,000 | 1,875 | 76.4% |
| 42 STRYKER CT. | 2026-01 | $515,000 | 1,846 | 96.3% |
| 2403 WINDER DR. | 2026-03 | $591,000 | 1,728 | 81.8% |
| 1008 BAYLEY CT. | 2025-05 | $680,000 | 1,704 | 81.5% |
| 3302 PINHORN DRIVE | 2026-01 | $554,000 | 1,710 | 83.4% |
| 508 READING CIRCLE | 2026-04 | $650,000 | 1,668 | 77.6% |
| 703 PORTER WAY WEST | 2026-02 | $525,000 | 1,637 | 98.1% |
| 377 HANNAH WAY | 2026-05 | $648,000 | 1,552 | 75.5% |
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