The Fair Share Report

234 D St

Middlesex, NJ 08846

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

≈ $515,945

Likely range $475,233 – $608,666, from 12 comparable Middlesex sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.52%

The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $515,945 home should be assessed near $503,150.

Step 3 · Assessed value

$531,500

Set at the last town-wide revaluation and mostly frozen since. That's $28,350 above what the ratio math suggests (5.6%).

Step 4 · The tax rate — same for every Middlesex home

$2.119 per $100 assessed

$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%

This home's own bill implies $2.073 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$11,018/yr
Public schools$5,909
Middlesex County$1,767
Town of Middlesex$3,342
Middlesex average$10,237

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

Town median 97.6%
This home · 103.0%

77%122%

Paying about right

This home's ratio lands inside Middlesex'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
440 FAIRVIEW AVE2025-02$475,0001,756100.1%
408 FAIRVIEW AVE2026-02$600,0001,72088.1%
115 HOWARD AVE2025-04$600,0001,71298.5%
407 CLINTON AVE2026-03$565,0001,62493.7%
552 LORRAINE AVE2025-03$460,0001,72898.9%
333 MELROSE AVE2025-05$602,0002,05491.7%
506 MELROSE AVE2026-02$562,5001,568101.7%
14 JUNE WAY2026-04$692,0001,78083.5%
316 SENECA AVE2025-01$399,0001,675144.1%
326 MELROSE AVE2026-06$420,0001,428109.3%
241 COOK AVE2026-03$555,0001,52297.3%
401 FAIRVIEW AVE2025-04$590,0001,93697.5%

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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 →