The Fair Share Report

235 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

≈ $520,440

Likely range $460,013 – $583,721, 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 $520,440 home should be assessed near $507,533.

Step 3 · Assessed value

$514,100

Set at the last town-wide revaluation and mostly frozen since. That's $6,567 above what the ratio math suggests (1.3%).

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%

Step 5 · The bill

$11,912/yr
Public schools$6,389
Middlesex County$1,910
Town of Middlesex$3,613
Middlesex average$10,237

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

Town median 97.6%
This home · 98.8%

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
119 VOGEL PL2026-05$770,0001,90877.1%
506 MELROSE AVE2026-02$562,5001,568101.7%
413 HARRIS AVE2025-02$429,0001,42897.9%
115 STOUT AVE2025-02$576,9001,54091.0%
326 MELROSE AVE2026-06$420,0001,428109.3%
440 FAIRVIEW AVE2025-02$475,0001,756100.1%
407 CLINTON AVE2026-03$565,0001,62493.7%
241 COOK AVE2026-03$555,0001,52297.3%
408 FAIRVIEW AVE2026-02$600,0001,72088.1%
138 RUNYON AVE2026-02$521,5001,76898.9%
437 FAIRVIEW AVE2025-04$525,0001,61299.1%
115 HOWARD AVE2025-04$600,0001,71298.5%

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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 →