The Fair Share Report

2A Foxhall

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

≈ $156,643

Likely range $121,260 – $194,944, from 9 comparable Middlesex sales in the past 18 months, at this home's 516 sq ft.

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 $156,643 home should be assessed near $152,758.

Step 3 · Assessed value

$315,000

Set at the last town-wide revaluation and mostly frozen since. That's $162,242 above what the ratio math suggests (106.2%).

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%

This home's own bill implies $1.979 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$6,233/yr
Public schools$3,343
Middlesex County$1,000
Town of Middlesex$1,890
Middlesex average$10,237

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

Town median 97.6%
This home · 201.1%

77%265%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $3,438/yr at stake. NJ appeals are generally due April 1.

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

AddressSoldPriceSq ftRatio
33B FOXHALL2026-01$325,0001,12090.8%
5A FOXHALL2026-01$340,0001,12088.7%
20C HANOVER SQ2025-03$335,0001,06088.7%
47B GRAMERCY GARDENS2026-03$211,50090099.5%
48B GRAMERCY GARDENS2025-04$196,000900107.3%
47B GRAMERCY GARDENS2025-01$185,000900113.7%
85 WILTON AVE2026-03$435,0001,07276.0%
95 WILTON AVE2026-01$405,0001,07278.1%
533 EDGEWORTH ST2026-03$450,00094897.4%

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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 →