The Fair Share Report
32 Eighth St
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 $829,626 – $952,721, from 12 comparable Middletown sales in the past 18 months (home size estimated from assessor data — range widened).
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 $881,853 home should be assessed near $867,302.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,002 below what the ratio math suggests (6.8%).
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 $1.486 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
79%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 |
|---|---|---|---|---|
| 12 MONTANA AVE | 2025-01 | $595,000 | 2,256 | 113.9% |
| 18 ROLLING KNOLLS DR | 2025-02 | $747,000 | 2,443 | 108.5% |
| 43 TANGLEWOOD RD | 2025-05 | $878,000 | 2,208 | 96.7% |
| 1 MERRICK CT | 2025-05 | $860,500 | 2,348 | 98.8% |
| 430 LAUREL AVE | 2025-02 | $710,000 | 2,388 | 104.9% |
| 29 BORDEN RD | 2025-03 | $915,000 | 2,374 | 100.9% |
| 95 LEONARD AVE | 2025-04 | $990,000 | 2,408 | 88.5% |
| 38 JENNIFER DR | 2025-06 | $999,999 | 2,184 | 103.0% |
| 130 LYNCH RD | 2025-01 | $875,000 | 2,352 | 101.5% |
| 60 BASSWOOD CT | 2025-04 | $1,225,000 | 2,554 | 90.6% |
| 34 NEVILLE DR | 2025-04 | $885,000 | 2,350 | 99.8% |
| 3 MELODY LANE | 2026-04 | $809,000 | 2,080 | 95.5% |
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