The Fair Share Report

15 Romney Pl E

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

≈ $432,695

Likely range $343,520 – $479,119, 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 $432,695 home should be assessed near $277,314.

Step 3 · Assessed value

$244,900

Set at the last town-wide revaluation and mostly frozen since. That's $32,414 below what the ratio math suggests (11.7%).

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

$5,295/yr
Public schools$2,925
Cape May County$786
Town of Middle$1,584
Middle average$5,374

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

Town median 56.7%
This home · 56.6%

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
16 S 9TH ST2025-02$461,0001,68453.3%
29 ELDREDGE AVE2026-04$515,0001,50745.8%
105 ELDREDGE AVE2025-11$460,0001,68050.3%
1 WYNNDEMERE COURT2026-06$470,0001,61147.5%
410 N 7TH ST #A2025-10$380,0001,65659.1%
19 MIMOSA DRIVE2025-02$299,9001,55264.8%
24 S 5TH ST2025-01$450,0001,63247.6%
20 WYNNDEMERE COURT2026-06$505,0001,51545.5%
34 WYNNDEMERE COURT2025-03$415,0001,50156.6%
706 BENNETT RD2026-02$350,0001,65060.7%
7 CORSON ST2025-06$362,0001,58855.1%
10 N 7TH ST2025-02$480,0001,66449.0%

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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 →