The Fair Share Report
119 Second St
Middlesex, NJ 08846
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Middlesex's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $291,556 – $465,093, from 12 comparable Middlesex sales in the past 18 months, at this home's 960 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $413,333 home should be assessed near $403,082.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,082 below what the ratio math suggests (7.7%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
This home's own bill implies $1.936 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
75%133%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 130 THIRD ST | 2025-01 | $505,000 | 960 | 86.3% |
| 105 MADISON AVE | 2026-01 | $468,000 | 966 | 95.2% |
| 194 FIRST ST | 2025-06 | $311,000 | 960 | 119.0% |
| 310 HOWARD AVE | 2026-05 | $465,000 | 1,080 | 91.9% |
| 47B GRAMERCY GARDENS | 2026-03 | $211,500 | 900 | 99.5% |
| 48B GRAMERCY GARDENS | 2025-04 | $196,000 | 900 | 107.3% |
| 47B GRAMERCY GARDENS | 2025-01 | $185,000 | 900 | 113.7% |
| 435 SECOND ST | 2025-06 | $445,000 | 1,040 | 88.4% |
| 533 EDGEWORTH ST | 2026-03 | $450,000 | 948 | 97.4% |
| 17 FISHER AVE | 2025-01 | $450,000 | 888 | 95.7% |
| 325 GILES AVE | 2025-06 | $500,000 | 1,080 | 95.0% |
| 8 FITZSIMMONS AVE | 2026-05 | $485,000 | 1,085 | 99.5% |
Is this your house?
Run your own report →