The Fair Share Report

320 Walnut St

Middlesex, NJ 08846

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

≈ $469,388

Likely range $377,622 – $501,253, from 12 comparable Middlesex sales in the past 18 months, at this home's 1,200 sq ft.

Step 2 · The Director's Ratio

97.52%

The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $469,388 home should be assessed near $457,747.

Step 3 · Assessed value

$475,700

Set at the last town-wide revaluation and mostly frozen since. That's $17,953 above what the ratio math suggests (3.9%).

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

$2.119 per $100 assessed

$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%

This home's own bill implies $2.008 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$9,553/yr
Public schools$5,123
Middlesex County$1,532
Town of Middlesex$2,897
Middlesex average$10,237

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

Town median 97.6%
This home · 101.3%

77%131%

Paying about right

This home's ratio lands inside Middlesex'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
720 VOORHEES AVE2025-03$460,0001,11394.6%
305 HARRIS AVE2025-03$500,0001,19796.0%
143 PARKER ST2026-01$350,0001,317139.4%
225 HARRIS AVE2025-05$436,0001,209104.2%
103 ROCK LN2025-02$425,0001,232105.3%
837 VOORHEES AVE2026-01$460,0001,176104.1%
310 HOWARD AVE2026-05$465,0001,08091.9%
230 OAK DR2025-03$360,0001,144116.3%
429 EDGEWORTH ST2026-06$547,0001,24887.2%
14 NEW ST2026-04$550,0001,08088.2%
335 EDGEWORTH ST2026-06$480,0001,152103.7%
232 STEPHENSON AVE2025-03$420,0001,085109.6%

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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 →