The Fair Share Report
200 Second St
Middlesex, NJ 08846
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Middlesex's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $315,360 – $487,716, from 12 comparable Middlesex 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 Middlesex assessments sit below market value — republished every October, applied town-wide. A $435,989 home should be assessed near $425,176.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,276 below what the ratio math suggests (9.0%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
74%128%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 435 SECOND ST | 2025-06 | $445,000 | 1,040 | 88.4% |
| 105 MADISON AVE | 2026-01 | $468,000 | 966 | 95.2% |
| 194 FIRST ST | 2025-06 | $311,000 | 960 | 119.0% |
| 533 EDGEWORTH ST | 2026-03 | $450,000 | 948 | 97.4% |
| 310 HOWARD AVE | 2026-05 | $465,000 | 1,080 | 91.9% |
| 837 VOORHEES AVE | 2026-01 | $460,000 | 1,176 | 104.1% |
| 760 VOORHEES AVE | 2025-01 | $460,000 | 1,092 | 97.8% |
| 119 SECOND ST | 2026-03 | $370,000 | 960 | 100.5% |
| 8 FITZSIMMONS AVE | 2026-05 | $485,000 | 1,085 | 99.5% |
| 47B GRAMERCY GARDENS | 2026-03 | $211,500 | 900 | 99.5% |
| 48B GRAMERCY GARDENS | 2025-04 | $196,000 | 900 | 107.3% |
| 47B GRAMERCY GARDENS | 2025-01 | $185,000 | 900 | 113.7% |
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