The Fair Share Report

100 Vail St

Middlesex, NJ 07059

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.

Step 1 · Market value

≈ $533,252

Likely range $393,790 – $572,079, from 12 comparable Middlesex sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.52%

The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $533,252 home should be assessed near $520,027.

Step 3 · Assessed value

$475,700

Set at the last town-wide revaluation and mostly frozen since. That's $44,327 below what the ratio math suggests (8.5%).

Step 4 · The tax rate — same for every Middlesex home

$2.119 per $100 assessed

$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%

Step 5 · The bill

$10,085/yr
Public schools$5,409
Middlesex County$1,617
Town of Middlesex$3,059
Middlesex average$10,237

This home vs. every recent Middlesex sale · assessed ÷ market

Town median 97.6%
This home · 89.2%

77%126%

Paying about right

This home's ratio lands inside Middlesex's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
544 EDGEWORTH ST2026-04$615,0001,53677.9%
202 RUNYON AVE2025-04$489,9001,80095.6%
531 CHESTNUT ST2026-03$540,0001,512108.7%
11 BIRCHWOOD CT2026-02$380,0001,694115.9%
241 COOK AVE2026-03$555,0001,52297.3%
115 STOUT AVE2025-02$576,9001,54091.0%
122 OSCEOLA AVE2025-06$585,0001,45698.2%
506 MELROSE AVE2026-02$562,5001,568101.7%
580 BOUND BROOK RD2025-03$361,0001,452106.6%
13 ORCHARD RD2025-04$400,0001,449121.3%
13 PARK PL2025-02$505,0001,43081.8%
326 MELROSE AVE2026-06$420,0001,428109.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →