The Fair Share Report
2 Adele Ct
Middletown, NJ 07701
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 $876,713 – $1,335,185, 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 $1,006,304 home should be assessed near $989,700.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $166,100 above what the ratio math suggests (16.8%).
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 $1.554 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
81%137%
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 |
|---|---|---|---|---|
| 25 DEEPDALE DR | 2025-01 | $1,050,000 | 2,605 | 97.7% |
| 41 FARM RD | 2025-05 | $1,125,000 | 2,839 | 100.0% |
| 44 TALL TREE RD | 2026-05 | $1,175,000 | 2,977 | 93.2% |
| 50 FARM RD | 2026-03 | $1,525,000 | 2,512 | 79.9% |
| 13 ARTHUR PL | 2026-04 | $860,000 | 2,806 | 97.0% |
| 239 BORDEN RD | 2025-03 | $999,000 | 3,016 | 107.6% |
| 185 BALLANTINE RD | 2026-03 | $799,000 | 2,672 | 99.0% |
| 60 BASSWOOD CT | 2025-04 | $1,225,000 | 2,554 | 90.6% |
| 93 TWIN BROOKS AVE | 2026-02 | $850,000 | 2,580 | 96.0% |
| 49 STORK CT | 2026-03 | $1,440,000 | 2,386 | 77.6% |
| 32 GLEN OAK DR | 2026-02 | $1,100,000 | 2,982 | 69.7% |
| 238 WOODLAND DR | 2025-03 | $945,500 | 2,750 | 100.8% |
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