The Fair Share Report
428 E Rd
Middletown, NJ 07718
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 $719,826 – $947,599, 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 $826,756 home should be assessed near $813,115.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,915 below what the ratio math suggests (7.7%).
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 $1.492 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
74%118%
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 |
|---|---|---|---|---|
| 11 WILLIAMS AVE | 2025-02 | $590,000 | 1,836 | 102.0% |
| 95 ALEXANDER DR | 2025-05 | $900,000 | 1,764 | 100.8% |
| 93 NEW MONMOUTH RD | 2025-02 | $675,000 | 1,854 | 95.1% |
| 15 THE VISTA | 2025-01 | $820,000 | 1,758 | 98.5% |
| 4 MERCURY ST | 2026-05 | $799,000 | 1,756 | 89.2% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 75 FIELD AVE | 2025-03 | $725,000 | 1,700 | 98.1% |
| 6 HIGHVIEW CIR | 2026-05 | $773,000 | 1,812 | 84.0% |
| 125 JUMPING BROOK RD | 2025-05 | $915,000 | 1,904 | 101.7% |
| 87 APPLE FARM RD | 2025-05 | $829,000 | 2,041 | 103.3% |
| 130 JUMPING BROOK RD | 2025-04 | $1,200,000 | 1,904 | 88.7% |
| 66 FISH HAWK DR | 2026-03 | $890,000 | 1,676 | 96.3% |
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