The Fair Share Report

32 Eckert Dr

Middletown, NJ 07738

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

≈ $920,995

Likely range $760,093 – $1,118,525, from 12 comparable Middletown sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

98.35%

The state's official measure of how far Middletown assessments sit below market value — republished every October, applied town-wide. A $920,995 home should be assessed near $905,799.

Step 3 · Assessed value

$897,500

Set at the last town-wide revaluation and mostly frozen since. That's $8,299 below what the ratio math suggests (0.9%).

Step 4 · The tax rate — same for every Middletown home

$1.614 per $100 assessed

$0.990 Schools · 61% $0.195 County · 12% $0.429 Town · 27%

This home's own bill implies $1.524 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$13,679/yr
Public schools$8,390
Monmouth County$1,653
Town of Middletown$3,636
Middletown average$11,743

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

Town median 98.7%
This home · 97.4%

75%124%

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)

AddressSoldPriceSq ftRatio
22 LAWLEY DRIVE2025-04$1,100,0002,77297.6%
70 LAWLEY DRIVE2025-04$975,0002,772100.0%
24 FOULKS TERRACE2025-04$1,100,4502,77298.5%
63 LAWLEY DRIVE2025-01$980,0002,772100.9%
12 ECKERT DRIVE2026-06$1,100,0002,56088.2%
1901 EVANS LANE2026-05$765,0002,65699.8%
1101 AROSE LANE2025-05$800,0002,656100.6%
27 PATE DR2026-04$700,0002,80896.4%
36 PATE DR2025-01$698,0002,80897.0%
22 EDMUND WAY2026-01$910,0002,836104.8%
4 ISABELLA CT2026-01$900,0002,858103.5%
17 VALIANT COURT2025-03$880,0002,90899.6%

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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 →