The Fair Share Report
182 E Rd
Middletown, NJ 07718
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $378,195 – $671,737, from 12 comparable Middletown sales in the past 18 months (home size estimated from assessor data — range widened).
Step 2 · The Director's Ratio
The state's official measure of how far Middletown assessments sit below market value — republished every October, applied town-wide. A $497,146 home should be assessed near $488,943.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,443 below what the ratio math suggests (10.3%).
Step 4 · The tax rate — same for every Middletown home
$0.990 Schools · 61% $0.195 County · 12% $0.429 Town · 27%
This home's own bill implies $1.556 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middletown sale · assessed ÷ market
60%121%
Paying about right
This home's ratio lands inside Middletown's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 80 MORRIS AVE | 2025-02 | $510,000 | 1,230 | 105.8% |
| 128 CONCORD AVE | 2025-03 | $600,000 | 1,228 | 96.5% |
| 83 BAYSIDE PKWY | 2025-02 | $340,000 | 1,120 | 114.9% |
| 19 WASHINGTON AVE | 2026-04 | $650,000 | 1,058 | 80.4% |
| 35 MONTANA AVE | 2026-01 | $430,000 | 1,294 | 117.8% |
| 6 BENTON AVE | 2025-02 | $400,000 | 1,174 | 100.7% |
| 630 KINGS HWY EAST | 2026-01 | $800,000 | 1,216 | 87.2% |
| 197 CHURCH ST | 2025-06 | $540,000 | 1,168 | 100.0% |
| 40 FOSTER ST | 2026-04 | $860,000 | 1,200 | 86.9% |
| 2 GLENWOOD PL | 2025-02 | $450,000 | 1,200 | 130.3% |
| 312 NAVESINK AVE | 2026-03 | $680,000 | 1,289 | 82.1% |
| 42 CARPENTER ST | 2025-03 | $800,000 | 1,494 | 100.4% |
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