The Fair Share Report
33 Devon Rd
Middletown, NJ 07748
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 $788,557 – $1,020,663, 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 $835,905 home should be assessed near $822,113.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,387 above what the ratio math suggests (12.8%).
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 $1.541 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
81%123%
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 |
|---|---|---|---|---|
| 10 DANEMAR DR | 2025-04 | $755,000 | 2,080 | 98.8% |
| 14 DANEMAR DR | 2025-01 | $835,000 | 2,080 | 101.6% |
| 17 WINDING BROOK WAY | 2026-02 | $950,000 | 2,072 | 86.3% |
| 24 WOODLAND DR | 2025-06 | $840,000 | 1,994 | 102.0% |
| 89 LEEDSVILLE DR | 2025-05 | $994,999 | 2,070 | 93.0% |
| 8 SCHELLY DR | 2026-04 | $852,000 | 2,136 | 94.6% |
| 111 HARBOR GREENS CIR | 2026-05 | $912,000 | 2,073 | 98.7% |
| 15 ALBON CT | 2025-02 | $660,000 | 1,976 | 99.0% |
| 15 SUFFOLK LANE | 2025-05 | $726,500 | 2,024 | 104.3% |
| 477 N FOX AVE | 2026-06 | $790,500 | 2,014 | 94.6% |
| 834 ANDOVER ST | 2025-02 | $1,148,500 | 2,112 | 94.3% |
| 1 EAST POINT RD | 2026-03 | $1,150,000 | 2,206 | 82.3% |
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