The Fair Share Report
345 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 $471,048 – $681,584, 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 $507,018 home should be assessed near $498,652.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,248 above what the ratio math suggests (14.3%).
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 $1.425 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
78%126%
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 |
|---|---|---|---|---|
| 4 SPRADLEY LANE | 2026-05 | $850,000 | 1,504 | 86.3% |
| 2102 BUCKINGHAM CIR | 2026-06 | $475,000 | 1,534 | 90.2% |
| 2202 BUCKINGHAM CIR | 2026-05 | $462,000 | 1,534 | 99.7% |
| 3701 JAMES CT | 2026-05 | $502,350 | 1,534 | 86.3% |
| 402 BUCKINGHAM CIR | 2026-01 | $493,000 | 1,534 | 93.2% |
| 12 SALISBURY AVE | 2025-04 | $615,000 | 1,516 | 101.5% |
| 431 WALNUT ST | 2025-05 | $650,000 | 1,578 | 91.9% |
| 9 PATTERSON ST | 2025-03 | $630,000 | 1,494 | 99.4% |
| 3503 BUCKINGHAM CIR | 2026-04 | $455,000 | 1,493 | 99.3% |
| 42 YORK AVE | 2026-04 | $665,000 | 1,572 | 96.1% |
| 7 HAMPTON CT | 2026-06 | $730,000 | 1,448 | 78.0% |
| 3202 LONDON CT | 2025-01 | $480,000 | 1,493 | 100.4% |
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