The Fair Share Report
321 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 $598,889 – $951,250, 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 $829,941 home should be assessed near $816,247.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $207,647 below what the ratio math suggests (25.4%).
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 $1.488 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
59%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 |
|---|---|---|---|---|
| 11 WILLIAMS AVE | 2025-02 | $590,000 | 1,836 | 102.0% |
| 95 ALEXANDER DR | 2025-05 | $900,000 | 1,764 | 100.8% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 42 LINCOLN CIR WEST | 2026-01 | $627,000 | 1,792 | 108.3% |
| 672 HOPPING RD | 2026-01 | $540,578 | 1,764 | 105.0% |
| 424 GLENMARY AVE | 2025-04 | $635,000 | 1,688 | 98.7% |
| 158 STATESIR PL | 2025-01 | $840,000 | 1,832 | 94.2% |
| 15 THE VISTA | 2025-01 | $820,000 | 1,758 | 98.5% |
| 4 MERCURY ST | 2026-05 | $799,000 | 1,756 | 89.2% |
| 75 FIELD AVE | 2025-03 | $725,000 | 1,700 | 98.1% |
| 143 MAIN ST | 2026-02 | $500,000 | 1,690 | 109.7% |
| 9 MAJESTIC AVE | 2025-04 | $906,500 | 1,971 | 102.3% |
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