The Fair Share Report

20 Galloping Way

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

≈ $762,436

Likely range $695,111 – $886,332, 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 $762,436 home should be assessed near $488,645.

Step 3 · Assessed value

$457,400

Set at the last town-wide revaluation and mostly frozen since. That's $31,245 below what the ratio math suggests (6.4%).

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

$9,889/yr
Public schools$5,462
Cape May County$1,468
Town of Middle$2,959
Middle average$5,374

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

Town median 56.7%
This home · 60.0%

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
2 S 15TH ST2025-05$540,0002,60454.6%
6 GALLOPING WAY2026-06$850,0002,72546.6%
20 LOCHALSH LANE2025-07$555,0002,86852.5%
100 OSPREY DRIVE2026-06$649,0002,54562.0%
11 SANDERLING COURT2025-11$769,0002,54552.3%
17 HERRON COURT2025-05$758,0002,54553.1%
1123 STONE HARBOR BLVD2025-03$2,235,0002,73631.2%
322 1ST AVE2025-05$680,0002,62255.8%
407 BAY BREEZE BLVD2026-04$750,0002,55651.0%
16 SAND CASTLE DRIVE2025-07$680,0002,56059.8%
1102 ST ANDREWS DRIVE2025-04$660,0002,54559.0%
15 4TH AVE2025-09$525,0003,17666.6%

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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 →