The Fair Share Report
363 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 $390,390 – $661,314, 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 $599,707 home should be assessed near $589,812.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $105,912 below what the ratio math suggests (18.0%).
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 $1.390 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
68%129%
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 |
|---|---|---|---|---|
| 2 GLENWOOD PL | 2025-02 | $450,000 | 1,200 | 130.3% |
| 77 PACIFIC AVE | 2026-03 | $370,000 | 1,212 | 115.2% |
| 90 CAMPBELL ST | 2025-05 | $787,700 | 1,192 | 97.2% |
| 51 SEVENTH ST | 2026-03 | $525,000 | 1,056 | 99.1% |
| 201 SUMMIT AVE | 2026-04 | $660,000 | 1,152 | 93.3% |
| 6 BENTON AVE | 2025-02 | $400,000 | 1,174 | 100.7% |
| 47-49 APPLETON AVE | 2026-03 | $720,000 | 1,302 | 94.8% |
| 707 CHAPEL HILL RD | 2025-02 | $710,000 | 1,200 | 91.8% |
| 49 MELROSE TERR | 2025-01 | $670,250 | 1,128 | 92.1% |
| 350 EAST RD | 2026-06 | $650,000 | 1,228 | 87.5% |
| 63 BAY AVE | 2025-05 | $460,000 | 1,251 | 103.7% |
| 49 SEVENTH ST | 2026-06 | $635,000 | 1,184 | 85.9% |
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