The Fair Share Report
125 Third St
Middlesex, NJ 08846
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $524,527 – $674,937, from 12 comparable Middlesex sales in the past 18 months (home size estimated from assessor data — range widened).
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 $573,532 home should be assessed near $559,308.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,008 below what the ratio math suggests (3.2%).
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 $2.023 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%122%
Paying about right
This home's ratio lands inside Middlesex's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 509 CLINTON AVE | 2025-01 | $550,000 | 1,932 | 97.8% |
| 401 FAIRVIEW AVE | 2025-04 | $590,000 | 1,936 | 97.5% |
| 52 GREENBROOK RD | 2026-03 | $571,700 | 1,872 | 102.6% |
| 552 LORRAINE AVE | 2025-03 | $460,000 | 1,728 | 98.9% |
| 110 BENART PL | 2026-05 | $540,000 | 1,904 | 101.8% |
| 333 MELROSE AVE | 2025-05 | $602,000 | 2,054 | 91.7% |
| 14 JUNE WAY | 2026-04 | $692,000 | 1,780 | 83.5% |
| 408 FAIRVIEW AVE | 2026-02 | $600,000 | 1,720 | 88.1% |
| 506 MELROSE AVE | 2026-02 | $562,500 | 1,568 | 101.7% |
| 440 FAIRVIEW AVE | 2025-02 | $475,000 | 1,756 | 100.1% |
| 241 COOK AVE | 2026-03 | $555,000 | 1,522 | 97.3% |
| 115 HOWARD AVE | 2025-04 | $600,000 | 1,712 | 98.5% |
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