The Fair Share Report
5 Eldredge Rd
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 $480,473 – $587,352, 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 $533,600 home should be assessed near $341,984.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,784 below what the ratio math suggests (15.7%).
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 |
|---|---|---|---|---|
| 2 SAND DOLLAR DRIVE | 2026-02 | $482,000 | 1,800 | 52.9% |
| 905 PENNSYLVANIA AVE | 2026-05 | $415,000 | 2,107 | 54.7% |
| 410 N 7TH ST #A | 2025-10 | $380,000 | 1,656 | 59.1% |
| 115 RUTLEDGE RD | 2026-02 | $400,000 | 1,856 | 63.5% |
| 1 WYNNDEMERE COURT | 2026-06 | $470,000 | 1,611 | 47.5% |
| 10 CANTERBURY WAY | 2026-05 | $656,000 | 2,076 | 65.7% |
| 10 CANTERBURY WAY | 2025-06 | $610,000 | 2,076 | 70.6% |
| 12 2ND DRIVE | 2025-10 | $3,650,000 | 2,138 | 23.0% |
| 29 FALKIRK DRIVE | 2025-06 | $515,000 | 1,636 | 45.8% |
| 24 WOODVIEW LANE | 2025-07 | $765,125 | 2,142 | 42.4% |
| 105 ELDREDGE AVE | 2025-11 | $460,000 | 1,680 | 50.3% |
| 600 VICK ST | 2026-02 | $445,000 | 1,504 | 51.7% |
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