The Fair Share Report
4 Eldredge Ave
Middle, NJ 08251
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 $229,478 – $466,441, from 12 comparable Middle 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 Middle assessments sit below market value — republished every October, applied town-wide. A $326,042 home should be assessed near $208,960.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,960 below what the ratio math suggests (24.4%).
Step 4 · The tax rate — same for every Middle home
$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%
Step 5 · The bill
This home vs. every recent Middle sale · assessed ÷ market
28%84%
Paying about right
This home's ratio lands inside Middle'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 |
|---|---|---|---|---|
| 805 STONE HARBOR BLVD | 2025-08 | $600,000 | 1,300 | 54.0% |
| 125 LEHIGH AVE | 2026-05 | $412,000 | 1,148 | 47.0% |
| 203 VERMONT AVE | 2025-06 | $365,000 | 1,328 | 59.5% |
| 5 LINDEN COVE | 2026-06 | $350,000 | 1,118 | 41.0% |
| 7 BROOKS AVE | 2025-07 | $250,000 | 1,024 | 76.0% |
| 24 N 12TH ST | 2025-07 | $210,000 | 1,315 | 114.1% |
| 16 VIRGINIA AVE | 2025-06 | $150,000 | 1,091 | 128.3% |
| 6 LAFAYETTE AVE | 2025-07 | $230,000 | 1,462 | 67.0% |
| 1134 GOLF CLUB RD | 2025-02 | $375,000 | 1,008 | 55.4% |
| 8 GENEVA AVE | 2026-04 | $540,000 | 1,530 | 58.1% |
| 309 N 3RD ST | 2025-10 | $350,000 | 1,478 | 57.9% |
| 204 HIRST AVE | 2026-03 | $220,000 | 1,118 | 74.4% |
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