The Fair Share Report
434 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 $624,410 – $712,766, 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 $658,473 home should be assessed near $647,608.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $122,992 above what the ratio math suggests (19.0%).
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 $1.498 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%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,985/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 211 APRIL WAY | 2026-01 | $625,000 | 2,074 | 93.9% |
| 22 MICHIGAN AVE | 2025-05 | $825,000 | 2,110 | 95.6% |
| 304 PINE ST | 2026-04 | $696,000 | 2,146 | 93.0% |
| 304 PINE ST | 2026-04 | $696,000 | 2,146 | 93.0% |
| 602 PARK AVE | 2026-06 | $639,900 | 2,112 | 91.1% |
| 512 ABBY RD | 2026-06 | $638,888 | 2,130 | 93.5% |
| 712 ABBY RD | 2026-03 | $667,000 | 2,130 | 89.8% |
| 37 GOLDEN EYE LANE | 2026-05 | $605,000 | 2,027 | 115.1% |
| 74 KENTUCKY AVE | 2025-03 | $690,000 | 2,040 | 98.1% |
| 5 SKIMMER LANE | 2025-06 | $730,000 | 2,032 | 98.9% |
| 707 ABBY RD | 2026-06 | $652,500 | 1,981 | 85.8% |
| 416 GLENMARY AVE | 2025-05 | $680,000 | 2,151 | 100.2% |
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