The Fair Share Report
405 Second St
Middlesex, NJ 08846
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 $439,286 – $586,439, from 12 comparable Middlesex 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 Middlesex assessments sit below market value — republished every October, applied town-wide. A $496,991 home should be assessed near $484,666.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,666 below what the ratio math suggests (2.0%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
This home's own bill implies $1.982 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
76%122%
Paying about right
This home's ratio lands inside Middlesex'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 |
|---|---|---|---|---|
| 413 HARRIS AVE | 2025-02 | $429,000 | 1,428 | 97.9% |
| 580 BOUND BROOK RD | 2025-03 | $361,000 | 1,452 | 106.6% |
| 544 EDGEWORTH ST | 2026-04 | $615,000 | 1,536 | 77.9% |
| 440 FAIRVIEW AVE | 2025-02 | $475,000 | 1,756 | 100.1% |
| 408 FAIRVIEW AVE | 2026-02 | $600,000 | 1,720 | 88.1% |
| 326 MELROSE AVE | 2026-06 | $420,000 | 1,428 | 109.3% |
| 437 FAIRVIEW AVE | 2025-04 | $525,000 | 1,612 | 99.1% |
| 241 COOK AVE | 2026-03 | $555,000 | 1,522 | 97.3% |
| 138 RUNYON AVE | 2026-02 | $521,500 | 1,768 | 98.9% |
| 506 MELROSE AVE | 2026-02 | $562,500 | 1,568 | 101.7% |
| 119 VOGEL PL | 2026-05 | $770,000 | 1,908 | 77.1% |
| 552 LORRAINE AVE | 2025-03 | $460,000 | 1,728 | 98.9% |
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