The Fair Share Report
460 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 $761,317 – $966,845, 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 $873,761 home should be assessed near $859,344.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,556 above what the ratio math suggests (0.3%).
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 $1.533 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%119%
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 |
|---|---|---|---|---|
| 88 LYNN CT | 2026-06 | $633,000 | 2,200 | 107.9% |
| 101 MILLBROOK PL | 2025-03 | $775,000 | 2,123 | 93.3% |
| 90 TATUM DR | 2025-02 | $770,000 | 2,202 | 115.1% |
| 878 NEWMAN SPRINGS RD | 2025-05 | $999,999 | 2,327 | 94.5% |
| 750 KINGS HWY EAST | 2025-01 | $900,000 | 2,232 | 99.2% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 89 LEEDSVILLE DR | 2025-05 | $994,999 | 2,070 | 93.0% |
| 2 WARE PL | 2026-01 | $840,000 | 2,392 | 94.1% |
| 37 HUBBARD AVE | 2026-06 | $910,000 | 2,169 | 95.9% |
| 218 BEACH AVE | 2026-04 | $1,181,000 | 2,520 | 86.3% |
| 15 SUFFOLK LANE | 2025-05 | $726,500 | 2,024 | 104.3% |
| 74 LAKE SHORE DR | 2025-05 | $900,000 | 2,552 | 107.0% |
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