The Fair Share Report
357 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 $526,109 – $887,404, 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 $693,431 home should be assessed near $681,989.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,411 above what the ratio math suggests (3.9%).
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 $1.486 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
74%140%
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 |
|---|---|---|---|---|
| 483 LOCUST POINT RD | 2025-04 | $1,200,000 | 1,862 | 98.5% |
| 398 CONOVER PL | 2026-01 | $815,000 | 1,696 | 101.8% |
| 505 ATLANTIC AVE | 2026-05 | $320,000 | 1,560 | 118.4% |
| 18 MIDDLETOWN AVE | 2026-01 | $890,000 | 1,849 | 88.5% |
| 309 CHURCH ST | 2026-01 | $660,000 | 2,116 | 113.5% |
| 79 COMPTON ST | 2026-01 | $622,500 | 1,770 | 84.6% |
| 547 GREENE AVE | 2025-06 | $715,000 | 1,680 | 104.3% |
| 334 CAMPBELL AVE | 2025-04 | $640,000 | 1,641 | 100.1% |
| 932 NAVESINK RIVER RD | 2026-06 | $2,400,000 | 2,264 | 75.7% |
| 22 KINGS HWY | 2025-04 | $701,321 | 2,066 | 96.2% |
| 8 SALISBURY AVE | 2025-01 | $720,000 | 2,052 | 98.5% |
| 143 TINDALL RD | 2026-01 | $701,000 | 2,249 | 92.3% |
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