The Fair Share Report
341 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 $660,235 – $714,188, 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 $684,426 home should be assessed near $673,133.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $49,767 above what the ratio math suggests (7.4%).
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 $1.513 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%118%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $803/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2306 EVANS LANE | 2025-06 | $765,000 | 2,216 | 98.8% |
| 404 AROSE LANE | 2025-01 | $680,000 | 2,216 | 107.3% |
| 63 PATE DR | 2026-05 | $680,000 | 2,148 | 88.2% |
| 61 PATE DR | 2026-01 | $670,000 | 2,148 | 94.6% |
| 901 AROSE LANE | 2026-05 | $735,000 | 2,244 | 99.9% |
| 304 PINE ST | 2026-04 | $696,000 | 2,146 | 93.0% |
| 304 PINE ST | 2026-04 | $696,000 | 2,146 | 93.0% |
| 602 PARK AVE | 2026-06 | $639,900 | 2,112 | 91.1% |
| 416 GLENMARY AVE | 2025-05 | $680,000 | 2,151 | 100.2% |
| 512 ABBY RD | 2026-06 | $638,888 | 2,130 | 93.5% |
| 712 ABBY RD | 2026-03 | $667,000 | 2,130 | 89.8% |
| 22 MICHIGAN AVE | 2025-05 | $825,000 | 2,110 | 95.6% |
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