The Fair Share Report

424 Hand 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

≈ $669,369

Likely range $557,960 – $850,924, 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 $669,369 home should be assessed near $428,999.

Step 3 · Assessed value

$482,500

Set at the last town-wide revaluation and mostly frozen since. That's $53,501 above what the ratio math suggests (12.5%).

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

$10,432/yr
Public schools$5,762
Cape May County$1,548
Town of Middle$3,121
Middle average$5,374

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

Town median 56.7%
This home · 72.1%

39%92%

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
17 HOLLY KNOLL DRIVE2025-02$725,0003,23262.5%
1123 STONE HARBOR BLVD2025-03$2,235,0002,73631.2%
20 LOCHALSH LANE2025-07$555,0002,86852.5%
6 GALLOPING WAY2026-06$850,0002,72546.6%
108 N 6TH AVE2026-03$599,0003,32262.0%
44 DORY DRIVE #B2025-03$550,0003,19580.6%
16 SAND CASTLE DRIVE2025-07$680,0002,56059.8%
2 S 15TH ST2025-05$540,0002,60454.6%
322 1ST AVE2025-05$680,0002,62255.8%
15 4TH AVE2025-09$525,0003,17666.6%
5 REAGANS RUN2025-02$1,100,0004,00751.1%
576 RTE 47 N2026-02$700,0003,46055.5%

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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 →