The Fair Share Report
416 Second St
Middlesex, NJ 08865
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Middlesex's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $200,017 – $343,810, 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 $279,783 home should be assessed near $272,844.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,356 above what the ratio math suggests (18.8%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
77%168%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 533 EDGEWORTH ST | 2026-03 | $450,000 | 948 | 97.4% |
| 47B GRAMERCY GARDENS | 2026-03 | $211,500 | 900 | 99.5% |
| 48B GRAMERCY GARDENS | 2025-04 | $196,000 | 900 | 107.3% |
| 47B GRAMERCY GARDENS | 2025-01 | $185,000 | 900 | 113.7% |
| 119 SECOND ST | 2026-03 | $370,000 | 960 | 100.5% |
| 17 FISHER AVE | 2025-01 | $450,000 | 888 | 95.7% |
| 8 FITZSIMMONS AVE | 2026-05 | $485,000 | 1,085 | 99.5% |
| 325 GILES AVE | 2025-06 | $500,000 | 1,080 | 95.0% |
| 404 EDGEWORTH ST | 2025-01 | $328,000 | 1,080 | 167.7% |
| 105 MADISON AVE | 2026-01 | $468,000 | 966 | 95.2% |
| 194 FIRST ST | 2025-06 | $311,000 | 960 | 119.0% |
| 421 FAIRVIEW AVE | 2025-02 | $440,000 | 1,104 | 101.6% |
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