The Fair Share Report
5 Cedar Ln
Middle, NJ 08210
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 $267,850 – $299,885, from 12 comparable Middle 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 Middle assessments sit below market value — republished every October, applied town-wide. A $282,750 home should be assessed near $181,214.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $186 above what the ratio math suggests (0.1%).
Step 4 · The tax rate — same for every Middle home
$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%
Step 5 · The bill
This home vs. every recent Middle sale · assessed ÷ market
39%84%
Paying about right
This home's ratio lands inside Middle'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 |
|---|---|---|---|---|
| 316 3RD AVE | 2025-01 | $264,000 | 1,104 | 64.5% |
| 102 SCHOOLHOUSE LANE #2 | 2025-03 | $300,000 | 1,152 | 76.9% |
| 23 SIEGTOWN RD #7C | 2026-03 | $257,000 | 1,059 | 53.4% |
| 31 SIEGTOWN RD #9B | 2025-11 | $130,000 | 1,059 | 86.9% |
| 6 WAYNE AVE | 2025-10 | $290,000 | 1,200 | 68.1% |
| 28 FISHING CREEK RD | 2025-03 | $315,000 | 1,200 | 73.4% |
| 42 W SHELLBAY AVE | 2025-02 | $250,000 | 1,032 | 98.8% |
| 81 INDIAN TRAIL | 2025-09 | $280,000 | 1,080 | 62.1% |
| 16 VIRGINIA AVE | 2025-06 | $150,000 | 1,091 | 128.3% |
| 147 LEE LANE | 2025-12 | $290,000 | 1,160 | 54.9% |
| 162 LEE LANE | 2025-05 | $300,000 | 1,088 | 51.2% |
| 8 N 9TH ST | 2025-01 | $405,000 | 1,125 | 47.1% |
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