The Fair Share Report

135 Lee Ln

Middle, NJ 08071

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

≈ $370,588

Likely range $328,667 – $464,411, 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 $370,588 home should be assessed near $237,510.

Step 3 · Assessed value

$157,900

Set at the last town-wide revaluation and mostly frozen since. That's $79,610 below what the ratio math suggests (33.5%).

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

$3,414/yr
Public schools$1,886
Cape May County$507
Town of Middle$1,022
Middle average$5,374

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

Town median 56.7%
This home · 42.6%

29%84%

Keep quiet and enjoy it

This home's assessment ratio sits below the Middle pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
161 LEE LANE2025-05$372,0001,40449.6%
147 LEE LANE2025-12$290,0001,16054.9%
162 LEE LANE2025-05$300,0001,08851.2%
20 WYNNDEMERE COURT2026-06$505,0001,51545.5%
57 WYNNDEMERE COURT2025-10$440,0001,11446.6%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
600 VICK ST2026-02$445,0001,50451.7%
144 LEE LANE2025-11$255,00090056.2%
23 SIEGTOWN RD #7C2026-03$257,0001,05953.4%
31 SIEGTOWN RD #9B2025-11$130,0001,05986.9%
12 LEHIGH AVE2025-04$255,0001,39470.3%
148 LEE LANE2026-05$315,00085544.9%

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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 →