The Fair Share Report
111 E Rd
Middletown, NJ 07718
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 $488,758 – $609,428, from 12 comparable Middletown 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 Middletown assessments sit below market value — republished every October, applied town-wide. A $563,949 home should be assessed near $554,644.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,056 above what the ratio math suggests (0.2%).
Step 4 · The tax rate — same for every Middletown home
$0.990 Schools · 61% $0.195 County · 12% $0.429 Town · 27%
This home's own bill implies $1.561 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middletown sale · assessed ÷ market
81%119%
Paying about right
This home's ratio lands inside Middletown'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 |
|---|---|---|---|---|
| 52 MONMOUTH AVE | 2025-04 | $525,000 | 1,440 | 97.3% |
| 27 TINDALL RD | 2025-05 | $620,000 | 1,490 | 97.0% |
| 22 MERCER AVE | 2026-04 | $525,000 | 1,344 | 98.1% |
| 5 CEDAR AVE | 2025-04 | $390,000 | 1,400 | 109.4% |
| 56 OREGON AVE | 2026-05 | $545,000 | 1,442 | 106.0% |
| 36 IDEAL AVE | 2026-04 | $496,000 | 1,430 | 89.8% |
| 39 IDEAL AVE | 2025-05 | $515,000 | 1,361 | 100.0% |
| 79 LAKE SHORE DR | 2026-01 | $810,000 | 1,441 | 102.1% |
| 265 THOMPSON AVE | 2026-04 | $430,000 | 1,305 | 89.8% |
| 47-49 APPLETON AVE | 2026-03 | $720,000 | 1,302 | 94.8% |
| 12 FRANKLIN AVE | 2026-05 | $648,000 | 1,466 | 91.7% |
| 139 SUMMIT AVE | 2025-03 | $555,000 | 1,401 | 107.2% |
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