The Fair Share Report
27 Leonards Ln
Middle, NJ 08360
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 $182,078 – $345,052, 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 $271,676 home should be assessed near $174,117.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $210,883 above what the ratio math suggests (121.1%).
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
39%217%
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 $4,391/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 124 BUCKNELL AVE | 2025-06 | $325,000 | 924 | 47.5% |
| 31 W BOARDWALK GS | 2025-05 | $325,000 | 1,005 | 75.4% |
| 227 RTE 47 S | 2025-12 | $217,000 | 1,008 | 83.9% |
| 1134 GOLF CLUB RD | 2025-02 | $375,000 | 1,008 | 55.4% |
| 101 ROOSEVELT BLVD | 2025-04 | $170,000 | 816 | 125.4% |
| 3 BLUEBERRY LANE S | 2025-01 | $243,000 | 816 | 68.6% |
| 7 BROOKS AVE | 2025-07 | $250,000 | 1,024 | 76.0% |
| 308 HAND AVE | 2025-09 | $250,000 | 1,071 | 74.4% |
| 11 COLGATE ST | 2025-01 | $549,000 | 1,056 | 35.3% |
| 10 SUSAN LANE | 2025-12 | $190,000 | 858 | 75.4% |
| 3010 RTE 9 S | 2026-04 | $307,500 | 732 | 41.9% |
| 24 PAULA LANE | 2026-01 | $174,400 | 788 | 74.0% |
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