The Fair Share Report

331 E End Ave

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.

Step 1 · Market value

≈ $818,477

Likely range $635,093 – $920,136, 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 $818,477 home should be assessed near $804,972.

Step 3 · Assessed value

$794,200

Set at the last town-wide revaluation and mostly frozen since. That's $10,772 below what the ratio math suggests (1.3%).

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 $1.515 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$12,032/yr
Public schools$7,380
Monmouth County$1,454
Town of Middletown$3,198
Middletown average$11,743

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

Town median 98.7%
This home · 97.0%

81%131%

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
90 TATUM DR2025-02$770,0002,202115.1%
11 PINEHURST AVE2025-04$660,0002,203106.0%
44 FIELD AVE2025-06$900,0002,21792.7%
88 LYNN CT2026-06$633,0002,200107.9%
91 HEIGHTS TERR2025-05$870,0002,364101.6%
878 NEWMAN SPRINGS RD2025-05$999,9992,32794.5%
6 MURPHY RD2025-01$565,0002,388132.5%
10 DANEMAR DR2025-04$755,0002,08098.8%
14 DANEMAR DR2025-01$835,0002,080101.6%
89 LEEDSVILLE DR2025-05$994,9992,07093.0%
2 WARE PL2026-01$840,0002,39294.1%
43 TANGLEWOOD RD2025-05$878,0002,20896.7%

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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 →