The Fair Share Report

417 E Pacific Ave

Middle, NJ 08210

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.

Step 1 · Market value

≈ $425,012

Likely range $374,566 – $493,598, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

64.09%

The state's official measure of how far Middle assessments sit below market value — republished every October, applied town-wide. A $425,012 home should be assessed near $272,390.

Step 3 · Assessed value

$252,400

Set at the last town-wide revaluation and mostly frozen since. That's $19,990 below what the ratio math suggests (7.3%).

Step 4 · The tax rate — same for every Middle home

$2.082 per $100 assessed

$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%

Step 5 · The bill

$5,457/yr
Public schools$3,014
Cape May County$810
Town of Middle$1,633
Middle average$5,374

This home vs. every recent Middle sale · assessed ÷ market

Town median 56.7%
This home · 59.4%

39%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)

AddressSoldPriceSq ftRatio
22 COLONIAL AVE2025-10$383,0001,55058.0%
9 GOSHEN RD2025-10$430,0001,63861.4%
309 N 3RD ST2025-10$350,0001,47857.9%
12 LEHIGH AVE2025-04$255,0001,39470.3%
189 STAGECOACH RD2025-06$360,0001,70265.9%
18 PINE LANDING WAY2025-05$475,0001,59360.4%
10 CONOVERS LANE2025-08$529,9001,62655.2%
10 BROOK RIDGE RD2025-01$745,0001,56854.1%
610 RTE 9 N2026-01$430,0001,64870.5%
1407 FULTON ST2025-02$350,0001,53666.8%
620 W MAIN ST2026-04$425,0001,50852.5%
621 RTE 9 S2025-08$435,0001,11242.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →