The Fair Share Report
359 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 $538,118 – $827,797, 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 $699,393 home should be assessed near $687,853.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,747 above what the ratio math suggests (1.3%).
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 $1.491 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
79%135%
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 |
|---|---|---|---|---|
| 18 MIDDLETOWN AVE | 2026-01 | $890,000 | 1,849 | 88.5% |
| 8 SALISBURY AVE | 2025-01 | $720,000 | 2,052 | 98.5% |
| 164 OCEAN AVE | 2026-06 | $440,000 | 1,708 | 115.6% |
| 547 GREENE AVE | 2025-06 | $715,000 | 1,680 | 104.3% |
| 334 CAMPBELL AVE | 2025-04 | $640,000 | 1,641 | 100.1% |
| 280 LINDEN ST | 2026-01 | $575,000 | 2,260 | 100.3% |
| 149 NINTH ST | 2026-01 | $600,000 | 2,038 | 117.6% |
| 37 HUBBARD AVE | 2026-06 | $910,000 | 2,169 | 95.9% |
| 750 KINGS HWY EAST | 2025-01 | $900,000 | 2,232 | 99.2% |
| 483 LOCUST POINT RD | 2025-04 | $1,200,000 | 1,862 | 98.5% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 474 CENTER AVE | 2025-02 | $435,000 | 1,656 | 116.3% |
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