The Fair Share Report
483 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 $647,040 – $842,932, 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 $717,350 home should be assessed near $705,514.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,714 below what the ratio math suggests (9.5%).
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 $1.471 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
70%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 |
|---|---|---|---|---|
| 4 THE TRAIL | 2026-05 | $725,000 | 1,489 | 86.0% |
| 47 MCLEAN ST | 2026-05 | $870,000 | 1,464 | 73.5% |
| 165 BAYVIEW AVE | 2025-06 | $660,000 | 1,492 | 91.8% |
| 22 MILLS AVE | 2026-01 | $514,000 | 1,472 | 97.2% |
| 74 FISH HAWK DR | 2026-01 | $900,000 | 1,534 | 90.6% |
| 3 CHAPMAN TERR | 2026-03 | $680,000 | 1,522 | 96.9% |
| 25 SUNSET PL | 2025-02 | $665,000 | 1,440 | 93.5% |
| 573 SUMNER AVE | 2026-01 | $625,000 | 1,444 | 89.9% |
| 7 ILER DR | 2025-02 | $735,000 | 1,420 | 96.7% |
| 194 PARK PL | 2026-05 | $712,000 | 1,464 | 81.7% |
| 43 MAIDA TERR | 2026-06 | $905,000 | 1,544 | 88.7% |
| 100 LINDEN AVE | 2025-06 | $715,000 | 1,544 | 98.5% |
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