The Fair Share Report
34 Adele Ct
Middletown, NJ 07701
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 $632,166 – $932,623, 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 $809,261 home should be assessed near $795,908.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,492 above what the ratio math suggests (15.4%).
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 $1.499 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%151%
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 |
|---|---|---|---|---|
| 301 MAIN ST | 2025-02 | $530,000 | 1,910 | 99.3% |
| 130 JUMPING BROOK RD | 2025-04 | $1,200,000 | 1,904 | 88.7% |
| 635 HARMONY RD | 2025-05 | $615,000 | 1,899 | 111.4% |
| 25 MAJESTIC AVE | 2025-04 | $951,000 | 1,863 | 95.6% |
| 773 NUT SWAMP RD | 2025-06 | $780,000 | 1,878 | 112.1% |
| 110 JUMPING BROOK RD | 2025-05 | $1,150,000 | 1,904 | 91.3% |
| 125 JUMPING BROOK RD | 2025-05 | $915,000 | 1,904 | 101.7% |
| 196 WHISPERING PINES DR | 2025-01 | $825,000 | 1,872 | 100.0% |
| 6 HIGHVIEW CIR | 2026-05 | $773,000 | 1,812 | 84.0% |
| 220 DWIGHT RD | 2026-05 | $880,000 | 1,861 | 92.7% |
| 15 ALBON CT | 2025-02 | $660,000 | 1,976 | 99.0% |
| 24 WOODLAND DR | 2025-06 | $840,000 | 1,994 | 102.0% |
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