The Fair Share Report

26 Crest Rd

Middle, NJ 08012

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

≈ $396,063

Likely range $359,774 – $488,820, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

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 $396,063 home should be assessed near $253,837.

Step 3 · Assessed value

$270,900

Set at the last town-wide revaluation and mostly frozen since. That's $17,063 above what the ratio math suggests (6.7%).

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%

This home's own bill implies $1.891 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,124/yr
Public schools$2,830
Cape May County$760
Town of Middle$1,533
Middle average$5,374

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

Town median 56.7%
This home · 68.4%

39%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)

AddressSoldPriceSq ftRatio
16 S 9TH ST2025-02$461,0001,68453.3%
105 ELDREDGE AVE2025-11$460,0001,68050.3%
16 PARK AVE2026-01$350,0001,79258.9%
51 ACORN LANE2025-04$405,0002,00057.0%
115 RUTLEDGE RD2026-02$400,0001,85663.5%
410 N 7TH ST #A2025-10$380,0001,65659.1%
706 BENNETT RD2026-02$350,0001,65060.7%
24 S 5TH ST2025-01$450,0001,63247.6%
29 ELDREDGE AVE2026-04$515,0001,50745.8%
1 WYNNDEMERE COURT2026-06$470,0001,61147.5%
10 N 7TH ST2025-02$480,0001,66449.0%
1 KIMBLE AVE2025-07$490,0002,03274.2%

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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 →