The Fair Share Report
25 Eldredge Ave
Middle, NJ 08251
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 $280,925 – $502,178, 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 $376,575 home should be assessed near $241,347.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,347 below what the ratio math suggests (16.3%).
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
35%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 |
|---|---|---|---|---|
| 8 GENEVA AVE | 2026-04 | $540,000 | 1,530 | 58.1% |
| 19 MIMOSA DRIVE | 2025-02 | $299,900 | 1,552 | 64.8% |
| 9 GOSHEN RD | 2025-10 | $430,000 | 1,638 | 61.4% |
| 309 N 3RD ST | 2025-10 | $350,000 | 1,478 | 57.9% |
| 6 LAFAYETTE AVE | 2025-07 | $230,000 | 1,462 | 67.0% |
| 22 COLONIAL AVE | 2025-10 | $383,000 | 1,550 | 58.0% |
| 7 CORSON ST | 2025-06 | $362,000 | 1,588 | 55.1% |
| 203 VERMONT AVE | 2025-06 | $365,000 | 1,328 | 59.5% |
| 805 STONE HARBOR BLVD | 2025-08 | $600,000 | 1,300 | 54.0% |
| 29 ELDREDGE AVE | 2026-04 | $515,000 | 1,507 | 45.8% |
| 16 PARK AVE | 2026-01 | $350,000 | 1,792 | 58.9% |
| 706 BENNETT RD | 2026-02 | $350,000 | 1,650 | 60.7% |
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