The Fair Share Report
200 Ormond Rd
Middle, NJ 08251
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 $435,423 – $769,710, from 12 comparable Middle 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 Middle assessments sit below market value — republished every October, applied town-wide. A $567,596 home should be assessed near $363,772.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,328 above what the ratio math suggests (18.8%).
Step 4 · The tax rate — same for every Middle home
$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%
Step 5 · The bill
This home vs. every recent Middle sale · assessed ÷ market
39%105%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 302 RIDGE RD | 2025-05 | $450,000 | 2,634 | 58.1% |
| 322 1ST AVE | 2025-05 | $680,000 | 2,622 | 55.8% |
| 2 WATERFORD LANE | 2025-08 | $910,000 | 2,876 | 75.8% |
| 2 S 15TH ST | 2025-05 | $540,000 | 2,604 | 54.6% |
| 6 GALLOPING WAY | 2026-06 | $850,000 | 2,725 | 46.6% |
| 16 SAND CASTLE DRIVE | 2025-07 | $680,000 | 2,560 | 59.8% |
| 23 ACORN LANE | 2025-11 | $560,000 | 2,368 | 55.9% |
| 16 4TH AVE | 2025-10 | $200,000 | 2,268 | 97.8% |
| 20 LOCHALSH LANE | 2025-07 | $555,000 | 2,868 | 52.5% |
| 15 4TH AVE | 2025-09 | $525,000 | 3,176 | 66.6% |
| 7 TIMBERLEA LANE | 2025-06 | $505,000 | 2,388 | 58.7% |
| 116 DAVIS RD | 2025-02 | $365,000 | 2,536 | 75.7% |
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