The Fair Share Report

12 Ellen 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

≈ $328,125

Likely range $273,955 – $357,207, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

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 $328,125 home should be assessed near $210,295.

Step 3 · Assessed value

$173,400

Set at the last town-wide revaluation and mostly frozen since. That's $36,895 below what the ratio math suggests (17.5%).

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

$3,749/yr
Public schools$2,071
Cape May County$556
Town of Middle$1,122
Middle average$5,374

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

Town median 56.7%
This home · 52.8%

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
316 3RD AVE2025-01$264,0001,10464.5%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
42 W SHELLBAY AVE2025-02$250,0001,03298.8%
6 WAYNE AVE2025-10$290,0001,20068.1%
6 EASY ST2026-03$440,0001,46251.5%
1 CYPRESS COURT2025-06$399,9001,31152.0%
7 BROOKS AVE2025-07$250,0001,02476.0%
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
5 LINDEN COVE2026-06$350,0001,11841.0%
506 HAND AVE2026-01$340,0001,41657.2%
57 WYNNDEMERE COURT2025-10$440,0001,11446.6%
29 LOCUST LANE2026-04$380,0001,33662.8%

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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 →