The Fair Share Report

312 Front St

Middle, NJ 08210

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

≈ $234,375

Likely range $229,565 – $272,000, from 12 comparable Middle sales in the past 18 months, at this home's 960 sq ft.

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 $234,375 home should be assessed near $150,211.

Step 3 · Assessed value

$189,000

Set at the last town-wide revaluation and mostly frozen since. That's $38,789 above what the ratio math suggests (25.8%).

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

$4,086/yr
Public schools$2,257
Cape May County$606
Town of Middle$1,223
Middle average$5,374

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

Town median 56.7%
This home · 80.6%

39%88%

A touch high — worth watching

This home's ratio sits above most of Middle, but doesn't clear NJ's legal appeal line (73.70%).

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

AddressSoldPriceSq ftRatio
290 RTE 47 N2025-11$183,000960100.3%
106 W MAIN AVE2025-08$225,00090056.9%
23 SIEGTOWN RD #7C2026-03$257,0001,05953.4%
31 SIEGTOWN RD #9B2025-11$130,0001,05986.9%
144 LEE LANE2025-11$255,00090056.2%
42 W SHELLBAY AVE2025-02$250,0001,03298.8%
148 LEE LANE2026-05$315,00085544.9%
148 LEE LANE2025-04$310,00085545.6%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
316 3RD AVE2025-01$264,0001,10464.5%
1134 GOLF CLUB RD2025-02$375,0001,00855.4%
101 ROOSEVELT BLVD2025-04$170,000816125.4%

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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 →