The Fair Share Report

116 Davis Rd

Middle, NJ 08242

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

≈ $513,540

Likely range $456,881 – $572,166, from 12 comparable Middle sales in the past 18 months, at this home's 2,536 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 $513,540 home should be assessed near $329,128.

Step 3 · Assessed value

$276,400

Set at the last town-wide revaluation and mostly frozen since. That's $52,728 below what the ratio math suggests (16.0%).

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

$6,058/yr
Public schools$3,346
Cape May County$899
Town of Middle$1,813
Middle average$5,374

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

Town median 56.7%
This home · 53.8%

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
7 TIMBERLEA LANE2025-06$505,0002,38858.7%
302 RIDGE RD2025-05$450,0002,63458.1%
10 TIMBERLEA LANE2025-09$600,0002,96667.6%
23 ACORN LANE2025-11$560,0002,36855.9%
300 CH SO DENNIS RD2026-01$412,5002,17167.0%
11 ROMNEY PLACE EAST2025-01$539,0002,38963.1%
16 SAND CASTLE DRIVE2025-07$680,0002,56059.8%
16 4TH AVE2025-10$200,0002,26897.8%
9 CYNWYD DRIVE2025-01$605,0003,29764.0%
51 ACORN LANE2025-04$405,0002,00057.0%
614 DIAS CREEK RD2025-12$582,5002,14550.1%
2 S 15TH ST2025-05$540,0002,60454.6%

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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 →