The Fair Share Report
348 Everett Rd
Middletown, NJ 07719
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 $523,432 – $753,630, 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 $630,922 home should be assessed near $620,512.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,588 above what the ratio math suggests (17.0%).
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 $1.037 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Middletown sale · assessed ÷ market
81%144%
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 |
|---|---|---|---|---|
| 312 NAVESINK AVE | 2026-03 | $680,000 | 1,289 | 82.1% |
| 47-49 APPLETON AVE | 2026-03 | $720,000 | 1,302 | 94.8% |
| 6 BENTON AVE | 2025-02 | $400,000 | 1,174 | 100.7% |
| 334 CAMPBELL AVE | 2025-04 | $640,000 | 1,641 | 100.1% |
| 630 KINGS HWY EAST | 2026-01 | $800,000 | 1,216 | 87.2% |
| 547 GREENE AVE | 2025-06 | $715,000 | 1,680 | 104.3% |
| 121 LAKE SHORE DR | 2025-04 | $647,000 | 1,390 | 99.0% |
| 79 LAKE SHORE DR | 2026-01 | $810,000 | 1,441 | 102.1% |
| 80 MORRIS AVE | 2025-02 | $510,000 | 1,230 | 105.8% |
| 79 BAY AVE | 2025-02 | $415,000 | 1,075 | 101.0% |
| 25 HENRY DR | 2025-01 | $650,000 | 1,431 | 99.3% |
| 9 WALNUT AVE | 2025-02 | $645,000 | 1,366 | 103.7% |
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