The Fair Share Report

17 E Main St

Middle, NJ 08270

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

≈ $297,536

Likely range $220,372 – $363,354, 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 $297,536 home should be assessed near $190,691.

Step 3 · Assessed value

$91,900

Set at the last town-wide revaluation and mostly frozen since. That's $98,791 below what the ratio math suggests (51.8%).

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

$2,040/yr
Public schools$1,127
Cape May County$303
Town of Middle$610
Middle average$5,374

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

Town median 56.7%
This home · 30.9%

20%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
227 RTE 47 S2025-12$217,0001,00883.9%
308 HAND AVE2025-09$250,0001,07174.4%
5 LINDEN COVE2026-06$350,0001,11841.0%
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
51 REEDS BEACH RD2025-06$335,0001,03271.5%
7 BROOKS AVE2025-07$250,0001,02476.0%
102 INDIAN TRAIL2025-06$340,00088059.3%
42 W SHELLBAY AVE2025-02$250,0001,03298.8%
401 STEEL RD2025-01$331,0001,15572.1%
121 BUCKNELL AVE2026-02$285,97594053.4%
2210 RTE 9 S2025-12$295,00082056.7%
3010 RTE 9 S2026-04$307,50073241.9%

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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 →