The Fair Share Report
300 E Rd
Middletown, NJ 07718
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 $444,828 – $659,609, from 12 comparable Middletown sales in the past 18 months, at this home's 1,350 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Middletown assessments sit below market value — republished every October, applied town-wide. A $510,838 home should be assessed near $502,409.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,891 above what the ratio math suggests (9.1%).
Step 4 · The tax rate — same for every Middletown home
$0.990 Schools · 61% $0.195 County · 12% $0.429 Town · 27%
This home's own bill implies $1.465 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middletown sale · assessed ÷ market
78%129%
Paying about right
This home's ratio lands inside Middletown's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 80 MORRIS AVE | 2025-02 | $510,000 | 1,230 | 105.8% |
| 42 CARPENTER ST | 2025-03 | $800,000 | 1,494 | 100.4% |
| 35 MONTANA AVE | 2026-01 | $430,000 | 1,294 | 117.8% |
| 128 CONCORD AVE | 2025-03 | $600,000 | 1,228 | 96.5% |
| 505 ATLANTIC AVE | 2026-05 | $320,000 | 1,560 | 118.4% |
| 39 IDEAL AVE | 2025-05 | $515,000 | 1,361 | 100.0% |
| 36 IDEAL AVE | 2026-04 | $496,000 | 1,430 | 89.8% |
| 312 NAVESINK AVE | 2026-03 | $680,000 | 1,289 | 82.1% |
| 265 THOMPSON AVE | 2026-04 | $430,000 | 1,305 | 89.8% |
| 5 CEDAR AVE | 2025-04 | $390,000 | 1,400 | 109.4% |
| 83 BAYSIDE PKWY | 2025-02 | $340,000 | 1,120 | 114.9% |
| 22 MERCER AVE | 2026-04 | $525,000 | 1,344 | 98.1% |
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