The Fair Share Report
48 Compton St
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 $512,559 – $749,022, 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 $648,182 home should be assessed near $637,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,487 below what the ratio math suggests (13.6%).
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 $1.562 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
68%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 |
|---|---|---|---|---|
| 79 COMPTON ST | 2026-01 | $622,500 | 1,770 | 84.6% |
| 42 CARPENTER ST | 2025-03 | $800,000 | 1,494 | 100.4% |
| 398 CONOVER PL | 2026-01 | $815,000 | 1,696 | 101.8% |
| 483 LOCUST POINT RD | 2025-04 | $1,200,000 | 1,862 | 98.5% |
| 80 MORRIS AVE | 2025-02 | $510,000 | 1,230 | 105.8% |
| 334 CAMPBELL AVE | 2025-04 | $640,000 | 1,641 | 100.1% |
| 128 CONCORD AVE | 2025-03 | $600,000 | 1,228 | 96.5% |
| 505 ATLANTIC AVE | 2026-05 | $320,000 | 1,560 | 118.4% |
| 547 GREENE AVE | 2025-06 | $715,000 | 1,680 | 104.3% |
| 36 IDEAL AVE | 2026-04 | $496,000 | 1,430 | 89.8% |
| 22 KINGS HWY | 2025-04 | $701,321 | 2,066 | 96.2% |
| 325 HOLLIE DR EAST | 2026-03 | $565,000 | 1,569 | 96.1% |
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