The Fair Share Report
128 Jay Pl
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 $459,457 – $592,991, from 12 comparable Middlesex sales in the past 18 months, at this home's 1,692 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 $551,055 home should be assessed near $537,389.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,611 above what the ratio math suggests (11.5%).
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 $1.982 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
77%136%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,306/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 202-204 WILTON AVE | 2025-05 | $600,000 | 1,920 | 98.8% |
| 57 GREENBROOK RD | 2026-03 | $575,000 | 1,732 | 94.3% |
| 1 TREE TOP RD | 2026-04 | $460,000 | 1,694 | 85.0% |
| 11 BIRCHWOOD CT | 2026-02 | $380,000 | 1,694 | 115.9% |
| 437 FAIRVIEW AVE | 2025-04 | $525,000 | 1,612 | 99.1% |
| 38 WARRENVILLE RD | 2026-02 | $575,000 | 1,836 | 100.8% |
| 552 LORRAINE AVE | 2025-03 | $460,000 | 1,728 | 98.9% |
| 217-219 SECOND ST | 2026-04 | $460,000 | 1,768 | 117.6% |
| 5 KALMAN CT | 2025-06 | $655,000 | 1,904 | 90.1% |
| 333 HARRIS AVE | 2025-06 | $650,000 | 1,283 | 82.0% |
| 544 EDGEWORTH ST | 2026-04 | $615,000 | 1,536 | 77.9% |
| 115 HOWARD AVE | 2025-04 | $600,000 | 1,712 | 98.5% |
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