The Fair Share Report

3 Willow Dr

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

≈ $321,094

Likely range $289,284 – $416,661, 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 $321,094 home should be assessed near $205,789.

Step 3 · Assessed value

$182,300

Set at the last town-wide revaluation and mostly frozen since. That's $23,489 below what the ratio math suggests (11.4%).

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

$3,797/yr
Public schools$2,097
Cape May County$564
Town of Middle$1,136
Middle average$5,374

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

Town median 56.7%
This home · 56.8%

38%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
1 CYPRESS COURT2025-06$399,9001,31152.0%
24 N 12TH ST2025-07$210,0001,315114.1%
81 INDIAN TRAIL2025-09$280,0001,08062.1%
16 VIRGINIA AVE2025-06$150,0001,091128.3%
15 N 11TH ST2026-05$410,0001,26451.0%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
506 HAND AVE2026-01$340,0001,41657.2%
29 ELDREDGE AVE2026-04$515,0001,50745.8%
7 BROOKS AVE2025-07$250,0001,02476.0%
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
5 LINDEN COVE2026-06$350,0001,11841.0%
203 VERMONT AVE2025-06$365,0001,32859.5%

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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 →