The Fair Share Report
358 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 $497,642 – $604,274, 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 $522,903 home should be assessed near $514,275.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $126,225 above what the ratio math suggests (24.5%).
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 $1.479 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%134%
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 $2,037/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 42 YORK AVE | 2026-04 | $665,000 | 1,572 | 96.1% |
| 46 BALLOCH PL | 2026-06 | $800,000 | 1,660 | 97.2% |
| 181 CLUBHOUSE DR | 2026-02 | $530,000 | 1,674 | 96.1% |
| 145 CLUBHOUSE DR | 2025-03 | $515,000 | 1,674 | 99.7% |
| 388 MIDDLEWOOD RD | 2025-03 | $540,000 | 1,674 | 101.6% |
| 461 CLUBHOUSE DR | 2025-02 | $470,000 | 1,674 | 107.6% |
| 119 EAST RD | 2026-02 | $625,000 | 1,652 | 100.1% |
| 615 MONMOUTH AVE | 2026-03 | $510,000 | 1,640 | 102.6% |
| 134 CLUBHOUSE DR | 2026-04 | $495,000 | 1,510 | 96.8% |
| 375 MIDDLEWOOD RD | 2026-03 | $550,000 | 1,510 | 83.7% |
| 263 CLUBHOUSE DR | 2025-04 | $500,000 | 1,510 | 98.7% |
| 2102 BUCKINGHAM CIR | 2026-06 | $475,000 | 1,534 | 90.2% |
Is this your house?
Run your own report →