The Fair Share Report
466 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 $651,706 – $911,674, 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 $790,771 home should be assessed near $777,723.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,723 below what the ratio math suggests (3.8%).
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 $1.514 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
77%120%
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 |
|---|---|---|---|---|
| 54 PEARL ST EAST | 2025-04 | $925,000 | 2,096 | 96.2% |
| 3 MELODY LANE | 2026-04 | $809,000 | 2,080 | 95.5% |
| 33 PENNYBROOK LANE | 2025-01 | $565,000 | 2,080 | 98.0% |
| 38 JENNIFER DR | 2025-06 | $999,999 | 2,184 | 103.0% |
| 635 HARMONY RD | 2025-05 | $615,000 | 1,899 | 111.4% |
| 17 WINDING BROOK WAY | 2026-02 | $950,000 | 2,072 | 86.3% |
| 27 BAY TREE CIR | 2025-04 | $659,500 | 1,906 | 96.8% |
| 43 TANGLEWOOD RD | 2025-05 | $878,000 | 2,208 | 96.7% |
| 24 WOODLAND DR | 2025-06 | $840,000 | 1,994 | 102.0% |
| 196 WHISPERING PINES DR | 2025-01 | $825,000 | 1,872 | 100.0% |
| 10 DANEMAR DR | 2025-04 | $755,000 | 2,080 | 98.8% |
| 14 DANEMAR DR | 2025-01 | $835,000 | 2,080 | 101.6% |
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