The Fair Share Report

11 Ellen 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

≈ $461,237

Likely range $346,026 – $536,952, 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 $461,237 home should be assessed near $295,607.

Step 3 · Assessed value

$248,500

Set at the last town-wide revaluation and mostly frozen since. That's $47,107 below what the ratio math suggests (15.9%).

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

$5,373/yr
Public schools$2,968
Cape May County$797
Town of Middle$1,608
Middle average$5,374

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

Town median 56.7%
This home · 53.9%

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
10 CONOVERS LANE2025-08$529,9001,62655.2%
18 PINE LANDING WAY2025-05$475,0001,59360.4%
604 RTE 9 N #D2026-04$470,0001,72850.7%
105 TIMOTHY LANE2025-01$470,0001,58051.3%
9 GOSHEN RD2025-10$430,0001,63861.4%
620 W MAIN ST2026-04$425,0001,50852.5%
51 ACORN LANE2025-04$405,0002,00057.0%
1407 FULTON ST2025-02$350,0001,53666.8%
1127 STONE HARBOR BLVDB232026-01$1,499,0001,46942.7%
1127 STONE HARBOR BLVDB232025-09$1,250,0001,46951.2%
19 LOMURNO LANE2026-01$500,0001,72550.9%
413 HAND AVE #16P2025-03$280,0001,62058.9%

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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 →