The Fair Share Report
424 Everett Rd
Middletown, NJ 07733
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 $1,154,664 – $1,598,721, 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 $1,388,885 home should be assessed near $1,365,968.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,432 above what the ratio math suggests (4.6%).
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 $1.235 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
81%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 |
|---|---|---|---|---|
| 3 PENNY LANE | 2025-05 | $1,400,000 | 3,255 | 93.4% |
| 31 VERRAZANO DR | 2026-03 | $1,205,000 | 3,231 | 95.6% |
| 24 LAIRD RD | 2025-05 | $1,216,529 | 3,315 | 100.7% |
| 152 SLEEPY HOLLOW RD | 2026-01 | $1,525,000 | 3,574 | 80.1% |
| 28 PRESIDENTIAL PATH | 2026-04 | $1,406,000 | 2,928 | 67.3% |
| 151 WILLOW GROVE DR | 2025-01 | $999,999 | 3,214 | 102.7% |
| 83 GREEN MEADOW BLVD | 2026-01 | $1,551,000 | 3,420 | 89.1% |
| 760 HARMONY RD | 2026-03 | $1,200,000 | 3,240 | 83.7% |
| 4 ISABELLA CT | 2026-01 | $900,000 | 2,858 | 103.5% |
| 36 PATE DR | 2025-01 | $698,000 | 2,808 | 97.0% |
| 4 CONSTITUTION DR | 2026-04 | $1,570,000 | 2,964 | 77.0% |
| 27 PATE DR | 2026-04 | $700,000 | 2,808 | 96.4% |
Is this your house?
Run your own report →