The Fair Share Report
351 Second St
Middlesex, NJ 08846
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 $478,830 – $586,744, from 12 comparable Middlesex sales in the past 18 months, at this home's 1,682 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $512,593 home should be assessed near $499,881.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,681 below what the ratio math suggests (7.9%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
73%122%
Paying about right
This home's ratio lands inside Middlesex'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 |
|---|---|---|---|---|
| 440 FAIRVIEW AVE | 2025-02 | $475,000 | 1,756 | 100.1% |
| 408 FAIRVIEW AVE | 2026-02 | $600,000 | 1,720 | 88.1% |
| 552 LORRAINE AVE | 2025-03 | $460,000 | 1,728 | 98.9% |
| 401 FAIRVIEW AVE | 2025-04 | $590,000 | 1,936 | 97.5% |
| 413 HARRIS AVE | 2025-02 | $429,000 | 1,428 | 97.9% |
| 437 FAIRVIEW AVE | 2025-04 | $525,000 | 1,612 | 99.1% |
| 506 MELROSE AVE | 2026-02 | $562,500 | 1,568 | 101.7% |
| 326 MELROSE AVE | 2026-06 | $420,000 | 1,428 | 109.3% |
| 241 COOK AVE | 2026-03 | $555,000 | 1,522 | 97.3% |
| 407 CLINTON AVE | 2026-03 | $565,000 | 1,624 | 93.7% |
| 509 CLINTON AVE | 2025-01 | $550,000 | 1,932 | 97.8% |
| 115 HOWARD AVE | 2025-04 | $600,000 | 1,712 | 98.5% |
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