The Fair Share Report

114 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

≈ $404,745

Likely range $347,455 – $448,407, from 12 comparable Middle sales in the past 18 months, at this home's 1,638 sq ft.

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 $404,745 home should be assessed near $259,401.

Step 3 · Assessed value

$164,500

Set at the last town-wide revaluation and mostly frozen since. That's $94,901 below what the ratio math suggests (36.6%).

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

$3,556/yr
Public schools$1,964
Cape May County$528
Town of Middle$1,064
Middle average$5,374

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

Town median 56.7%
This home · 40.6%

31%84%

Keep quiet and enjoy it

This home's assessment ratio sits below the Middle pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
9 GOSHEN RD2025-10$430,0001,63861.4%
7 CORSON ST2025-06$362,0001,58855.1%
22 COLONIAL AVE2025-10$383,0001,55058.0%
309 N 3RD ST2025-10$350,0001,47857.9%
706 BENNETT RD2026-02$350,0001,65060.7%
8 GENEVA AVE2026-04$540,0001,53058.1%
6 LAFAYETTE AVE2025-07$230,0001,46267.0%
610 RTE 9 N2026-01$430,0001,64870.5%
16 PARK AVE2026-01$350,0001,79258.9%
19 MIMOSA DRIVE2025-02$299,9001,55264.8%
203 VERMONT AVE2025-06$365,0001,32859.5%
24 N 12TH ST2025-07$210,0001,315114.1%

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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 →