The Fair Share Report
220 Reading Ave
Middle, NJ 08204
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 $258,900 – $384,220, 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 $296,094 home should be assessed near $189,767.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,367 below what the ratio math suggests (7.6%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 LINDEN COVE | 2026-06 | $350,000 | 1,118 | 41.0% |
| 308 HAND AVE | 2025-09 | $250,000 | 1,071 | 74.4% |
| 12 LEHIGH AVE | 2025-04 | $255,000 | 1,394 | 70.3% |
| 401 STEEL RD | 2025-01 | $331,000 | 1,155 | 72.1% |
| 316 3RD AVE | 2025-01 | $264,000 | 1,104 | 64.5% |
| 51 REEDS BEACH RD | 2025-06 | $335,000 | 1,032 | 71.5% |
| 15 N 11TH ST | 2026-05 | $410,000 | 1,264 | 51.0% |
| 227 RTE 47 S | 2025-12 | $217,000 | 1,008 | 83.9% |
| 102 SCHOOLHOUSE LANE #2 | 2025-03 | $300,000 | 1,152 | 76.9% |
| 12 S 2ND AVE | 2025-05 | $350,000 | 1,248 | 52.9% |
| 204 HIRST AVE | 2026-03 | $220,000 | 1,118 | 74.4% |
| 57 WYNNDEMERE COURT | 2025-10 | $440,000 | 1,114 | 46.6% |
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