The Fair Share Report

3 Eagle St

Middle, NJ 08242

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

≈ $269,775

Likely range $244,547 – $377,548, 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 $269,775 home should be assessed near $172,899.

Step 3 · Assessed value

$116,400

Set at the last town-wide revaluation and mostly frozen since. That's $56,499 below what the ratio math suggests (32.7%).

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%

Step 5 · The bill

$2,584/yr
Public schools$1,427
Cape May County$384
Town of Middle$773
Middle average$5,374

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

Town median 56.7%
This home · 43.1%

25%84%

Keep quiet and enjoy it

This home's assessment ratio sits below the Middle pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
16 VIRGINIA AVE2025-06$150,0001,091128.3%
81 INDIAN TRAIL2025-09$280,0001,08062.1%
621 RTE 9 S2025-08$435,0001,11242.9%
5 LINDEN COVE2026-06$350,0001,11841.0%
7 BROOKS AVE2025-07$250,0001,02476.0%
204 HIRST AVE2026-03$220,0001,11874.4%
125 LEHIGH AVE2026-05$412,0001,14847.0%
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
316 3RD AVE2025-01$264,0001,10464.5%
51 REEDS BEACH RD2025-06$335,0001,03271.5%
308 HAND AVE2025-09$250,0001,07174.4%
227 RTE 47 S2025-12$217,0001,00883.9%

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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 →