The Fair Share Report

24 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

≈ $187,073

Likely range $166,845 – $236,364, from 12 comparable Middle sales in the past 18 months, at this home's 520 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 $187,073 home should be assessed near $119,895.

Step 3 · Assessed value

$292,600

Set at the last town-wide revaluation and mostly frozen since. That's $172,705 above what the ratio math suggests (144.0%).

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

$6,326/yr
Public schools$3,494
Cape May County$939
Town of Middle$1,893
Middle average$5,374

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

Town median 56.7%
This home · 156.4%

39%181%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (73.70%) — roughly $3,596/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
75 W BOARDWALK GS2026-06$250,00055376.4%
13 BAY AVE2026-02$325,00043277.6%
30 LINDA LANE2025-04$230,00064068.2%
205 AVOCADO RD2026-02$275,00081667.2%
26 RTE 47 N2025-12$240,00074860.6%
3010 RTE 9 S2026-04$307,50073241.9%
6 REEDS BEACH RD2025-06$345,00072050.7%
301 ROOSEVELT BLVD2025-12$360,00079247.1%
101 ROOSEVELT BLVD2025-04$170,000816125.4%
24 PAULA LANE2026-01$174,40078874.0%
10 SUSAN LANE2025-12$190,00085875.4%
11 COLGATE ST2025-01$549,0001,05635.3%

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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 →