The Fair Share Report

1304 Cherry 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

≈ $318,675

Likely range $289,515 – $387,782, 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 $318,675 home should be assessed near $204,239.

Step 3 · Assessed value

$181,900

Set at the last town-wide revaluation and mostly frozen since. That's $22,339 below what the ratio math suggests (10.9%).

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

$4,151/yr
Public schools$2,293
Cape May County$616
Town of Middle$1,242
Middle average$5,374

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

Town median 56.7%
This home · 57.1%

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
6 WAYNE AVE2025-10$290,0001,20068.1%
28 FISHING CREEK RD2025-03$315,0001,20073.4%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
133 SWAINTON GOSHEN RD2026-06$349,0001,23267.9%
79 SIEGTOWN RD2026-01$400,0001,23254.6%
4 LACIVITA DRIVE2025-04$460,0001,23255.9%
147 LEE LANE2025-12$290,0001,16054.9%
8 MEADOWS EDGE DRIVE2026-04$401,9991,29961.4%
69 BEACH AVE2026-03$800,0001,24838.4%
23 SIEGTOWN RD #7C2026-03$257,0001,05953.4%
31 SIEGTOWN RD #9B2025-11$130,0001,05986.9%
316 3RD AVE2025-01$264,0001,10464.5%

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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 →