The Fair Share Report
43 Leonards Ln
Middle, NJ 08202
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 $469,965 – $674,850, from 12 comparable Middle 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 Middle assessments sit below market value — republished every October, applied town-wide. A $555,470 home should be assessed near $356,001.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $283,499 above what the ratio math suggests (79.6%).
Step 4 · The tax rate — same for every Middle home
$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%
Step 5 · The bill
This home vs. every recent Middle sale · assessed ÷ market
39%142%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (73.70%) — roughly $5,902/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 SAND CASTLE DRIVE | 2025-07 | $680,000 | 2,560 | 59.8% |
| 2 S 15TH ST | 2025-05 | $540,000 | 2,604 | 54.6% |
| 3 VICTORY DRIVE | 2025-06 | $455,000 | 2,186 | 62.1% |
| 24 MARLYN DRIVE | 2026-04 | $375,000 | 2,147 | 74.6% |
| 20 LOCHALSH LANE | 2025-07 | $555,000 | 2,868 | 52.5% |
| 11 ROMNEY PLACE EAST | 2025-01 | $539,000 | 2,389 | 63.1% |
| 614 DIAS CREEK RD | 2025-12 | $582,500 | 2,145 | 50.1% |
| 30 LOCHALSH LANE | 2026-06 | $575,000 | 2,206 | 47.2% |
| 117 RUTLEDGE RD | 2025-10 | $482,500 | 2,355 | 65.2% |
| 448 AVALON BLVD | 2026-05 | $1,425,000 | 2,534 | 49.0% |
| 905 PENNSYLVANIA AVE | 2026-05 | $415,000 | 2,107 | 54.7% |
| 24 WOODVIEW LANE | 2025-07 | $765,125 | 2,142 | 42.4% |
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