The Fair Share Report

105 Pershing Ave

Middle, NJ 08210

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

≈ $300,222

Likely range $212,533 – $391,601, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

64.09%

The state's official measure of how far Middle assessments sit below market value — republished every October, applied town-wide. A $300,222 home should be assessed near $192,412.

Step 3 · Assessed value

$161,000

Set at the last town-wide revaluation and mostly frozen since. That's $31,412 below what the ratio math suggests (16.3%).

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

$2.082 per $100 assessed

$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%

Step 5 · The bill

$3,481/yr
Public schools$1,923
Cape May County$517
Town of Middle$1,042
Middle average$5,374

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

Town median 56.7%
This home · 53.6%

36%84%

Paying about right

This home's ratio lands inside Middle'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
5 LINDEN COVE2026-06$350,0001,11841.0%
204 HIRST AVE2026-03$220,0001,11874.4%
308 HAND AVE2025-09$250,0001,07174.4%
15 N 11TH ST2026-05$410,0001,26451.0%
125 LEHIGH AVE2026-05$412,0001,14847.0%
16 VIRGINIA AVE2025-06$150,0001,091128.3%
203 VERMONT AVE2025-06$365,0001,32859.5%
51 REEDS BEACH RD2025-06$335,0001,03271.5%
227 RTE 47 S2025-12$217,0001,00883.9%
81 INDIAN TRAIL2025-09$280,0001,08062.1%
24 N 12TH ST2025-07$210,0001,315114.1%
12 LEHIGH AVE2025-04$255,0001,39470.3%

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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 →