The Fair Share Report
310 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 $403,960 – $549,844, from 12 comparable Middletown sales in the past 18 months, at this home's 918 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 $462,702 home should be assessed near $455,067.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,167 below what the ratio math suggests (14.5%).
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 $1.427 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
65%118%
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 |
|---|---|---|---|---|
| 154 BROOKSIDE DR | 2026-03 | $600,000 | 912 | 98.2% |
| 59 FLORENCE AVE | 2026-02 | $385,000 | 828 | 118.6% |
| 190 EIGHTH ST | 2026-05 | $625,000 | 980 | 96.0% |
| 9 APPLEGATE ST | 2025-04 | $400,000 | 909 | 170.6% |
| 470 PROSPECT AVE | 2025-02 | $375,000 | 744 | 111.2% |
| 345 OAKLAND AVE | 2025-04 | $575,000 | 960 | 100.7% |
| 79 BAY AVE | 2025-02 | $415,000 | 1,075 | 101.0% |
| 617 GREENE AVE | 2025-04 | $500,000 | 912 | 104.5% |
| 2 GLENWOOD PL | 2025-02 | $450,000 | 1,200 | 130.3% |
| 846 CENTER ST | 2026-05 | $615,000 | 1,028 | 107.2% |
| 51 SEVENTH ST | 2026-03 | $525,000 | 1,056 | 99.1% |
| 54 GROVE ST | 2026-06 | $415,000 | 1,050 | 102.4% |
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