The Fair Share Report

15 Olin Dr

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

≈ $428,288

Likely range $347,138 – $515,408, 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 $428,288 home should be assessed near $274,490.

Step 3 · Assessed value

$359,300

Set at the last town-wide revaluation and mostly frozen since. That's $84,810 above what the ratio math suggests (30.9%).

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

$7,768/yr
Public schools$4,291
Cape May County$1,153
Town of Middle$2,324
Middle average$5,374

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

Town median 56.7%
This home · 83.9%

39%109%

A touch high — worth watching

This home's ratio sits above most of Middle, but doesn't clear NJ's legal appeal line (73.70%).

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

AddressSoldPriceSq ftRatio
300 CH SO DENNIS RD2026-01$412,5002,17167.0%
16 4TH AVE2025-10$200,0002,26897.8%
7 TIMBERLEA LANE2025-06$505,0002,38858.7%
51 ACORN LANE2025-04$405,0002,00057.0%
1422 BURLEIGH AVE2025-01$365,0002,02678.7%
614 DIAS CREEK RD2025-12$582,5002,14550.1%
23 ACORN LANE2025-11$560,0002,36855.9%
302 RIDGE RD2025-05$450,0002,63458.1%
116 DAVIS RD2025-02$365,0002,53675.7%
1 KIMBLE AVE2025-07$490,0002,03274.2%
25 ACORN LANE2025-07$452,5001,79256.5%
1704 JACKSON ST2025-07$285,0001,78887.8%

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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 →