The Fair Share Report
217 Eldredge Ave
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 $462,484 – $547,319, 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 $468,085 home should be assessed near $299,996.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,796 below what the ratio math suggests (23.6%).
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
36%84%
Keep quiet and enjoy it
This home's assessment ratio sits below the Middle pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 S 5TH ST | 2025-01 | $450,000 | 1,632 | 47.6% |
| 10 N 7TH ST | 2025-02 | $480,000 | 1,664 | 49.0% |
| 25 N 12TH ST | 2025-08 | $444,900 | 1,584 | 50.8% |
| 1100 MILLMAN BLVD | 2025-02 | $455,000 | 1,444 | 47.8% |
| 1 KIMBLE AVE | 2025-07 | $490,000 | 2,032 | 74.2% |
| 16 S 9TH ST | 2025-02 | $461,000 | 1,684 | 53.3% |
| 105 ELDREDGE AVE | 2025-11 | $460,000 | 1,680 | 50.3% |
| 34 WYNNDEMERE COURT | 2025-03 | $415,000 | 1,501 | 56.6% |
| 29 FALKIRK DRIVE | 2025-06 | $515,000 | 1,636 | 45.8% |
| 14 W ATLANTIC AVE | 2026-05 | $465,000 | 1,436 | 52.0% |
| 15 LEONARDS LANE | 2025-07 | $1,699,000 | 1,404 | 33.1% |
| 51 ACORN LANE | 2025-04 | $405,000 | 2,000 | 57.0% |
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