The Fair Share Report

12 William St

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

≈ $278,444

Likely range $244,819 – $450,173, 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 $278,444 home should be assessed near $178,455.

Step 3 · Assessed value

$151,800

Set at the last town-wide revaluation and mostly frozen since. That's $26,655 below what the ratio math suggests (14.9%).

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

$3,431/yr
Public schools$1,895
Cape May County$509
Town of Middle$1,027
Middle average$5,374

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

Town median 56.7%
This home · 54.5%

28%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
3100 RTE 9 S2026-02$400,00098658.3%
31 W BOARDWALK GS2025-05$325,0001,00575.4%
308 HAND AVE2025-09$250,0001,07174.4%
81 INDIAN TRAIL2025-09$280,0001,08062.1%
162 LEE LANE2025-05$300,0001,08851.2%
23 SIEGTOWN RD #7C2026-03$257,0001,05953.4%
31 SIEGTOWN RD #9B2025-11$130,0001,05986.9%
16 VIRGINIA AVE2025-06$150,0001,091128.3%
11 COLGATE ST2025-01$549,0001,05635.3%
316 3RD AVE2025-01$264,0001,10464.5%
621 RTE 9 S2025-08$435,0001,11242.9%
57 WYNNDEMERE COURT2025-10$440,0001,11446.6%

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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 →