The Fair Share Report

116 Lee Ln

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

≈ $372,000

Likely range $340,725 – $415,412, from 12 comparable Middle sales in the past 18 months, at this home's 1,404 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 $372,000 home should be assessed near $238,415.

Step 3 · Assessed value

$185,100

Set at the last town-wide revaluation and mostly frozen since. That's $53,315 below what the ratio math suggests (22.4%).

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

$4,002/yr
Public schools$2,210
Cape May County$594
Town of Middle$1,197
Middle average$5,374

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

Town median 56.7%
This home · 49.8%

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
161 LEE LANE2025-05$372,0001,40449.6%
20 WYNNDEMERE COURT2026-06$505,0001,51545.5%
147 LEE LANE2025-12$290,0001,16054.9%
162 LEE LANE2025-05$300,0001,08851.2%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
600 VICK ST2026-02$445,0001,50451.7%
57 WYNNDEMERE COURT2025-10$440,0001,11446.6%
12 LEHIGH AVE2025-04$255,0001,39470.3%
144 LEE LANE2025-11$255,00090056.2%
23 SIEGTOWN RD #7C2026-03$257,0001,05953.4%
31 SIEGTOWN RD #9B2025-11$130,0001,05986.9%
1 KIMBLE AVE2025-07$490,0002,03274.2%

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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 →