The Fair Share Report

23 4th Ave

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

≈ $261,333

Likely range $241,043 – $339,706, from 12 comparable Middle sales in the past 18 months, at this home's 1,008 sq ft.

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 $261,333 home should be assessed near $167,488.

Step 3 · Assessed value

$190,700

Set at the last town-wide revaluation and mostly frozen since. That's $23,212 above what the ratio math suggests (13.9%).

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

$4,123/yr
Public schools$2,277
Cape May County$612
Town of Middle$1,234
Middle average$5,374

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

Town median 56.7%
This home · 73.0%

39%85%

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
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
7 BROOKS AVE2025-07$250,0001,02476.0%
42 W SHELLBAY AVE2025-02$250,0001,03298.8%
227 RTE 47 S2025-12$217,0001,00883.9%
316 3RD AVE2025-01$264,0001,10464.5%
51 REEDS BEACH RD2025-06$335,0001,03271.5%
308 HAND AVE2025-09$250,0001,07174.4%
5 LINDEN COVE2026-06$350,0001,11841.0%
102 INDIAN TRAIL2025-06$340,00088059.3%
81 INDIAN TRAIL2025-09$280,0001,08062.1%
121 BUCKNELL AVE2026-02$285,97594053.4%
16 VIRGINIA AVE2025-06$150,0001,091128.3%

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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 →