The Fair Share Report

11 Cedar Rd

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

≈ $412,674

Likely range $363,692 – $516,390, 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 $412,674 home should be assessed near $264,483.

Step 3 · Assessed value

$236,500

Set at the last town-wide revaluation and mostly frozen since. That's $27,983 below what the ratio math suggests (10.6%).

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

$5,345/yr
Public schools$2,952
Cape May County$793
Town of Middle$1,599
Middle average$5,374

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

Town median 56.7%
This home · 57.3%

39%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
22 COLONIAL AVE2025-10$383,0001,55058.0%
309 N 3RD ST2025-10$350,0001,47857.9%
12 LEHIGH AVE2025-04$255,0001,39470.3%
9 GOSHEN RD2025-10$430,0001,63861.4%
114 RTE 47 S2026-01$295,0002,14486.1%
140 SWAINTON GOSHEN RD2025-08$260,0001,15470.0%
1127 STONE HARBOR BLVDB232026-01$1,499,0001,46942.7%
1127 STONE HARBOR BLVDB232025-09$1,250,0001,46951.2%
604 RTE 9 N #D2026-04$470,0001,72850.7%
20 WYNNDEMERE COURT2026-06$505,0001,51545.5%
600 VICK ST2026-02$445,0001,50451.7%
620 W MAIN ST2026-04$425,0001,50852.5%

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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 →