The Fair Share Report
5 Jerome Dr
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 $495,695 – $876,154, 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 $594,670 home should be assessed near $381,124.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,776 above what the ratio math suggests (15.2%).
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%94%
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 |
|---|---|---|---|---|
| 6 GALLOPING WAY | 2026-06 | $850,000 | 2,725 | 46.6% |
| 2 S 15TH ST | 2025-05 | $540,000 | 2,604 | 54.6% |
| 16 SAND CASTLE DRIVE | 2025-07 | $680,000 | 2,560 | 59.8% |
| 20 LOCHALSH LANE | 2025-07 | $555,000 | 2,868 | 52.5% |
| 322 1ST AVE | 2025-05 | $680,000 | 2,622 | 55.8% |
| 1123 STONE HARBOR BLVD | 2025-03 | $2,235,000 | 2,736 | 31.2% |
| 44 DORY DRIVE #B | 2025-03 | $550,000 | 3,195 | 80.6% |
| 108 N 6TH AVE | 2026-03 | $599,000 | 3,322 | 62.0% |
| 15 4TH AVE | 2025-09 | $525,000 | 3,176 | 66.6% |
| 1116 STONE HARBOR BLVD101 | 2025-12 | $1,525,000 | 2,439 | 42.1% |
| 3 FAIRWAY DRIVE | 2026-04 | $650,000 | 2,108 | 51.9% |
| 1116 STONE HARBOR BLVD204 | 2025-03 | $1,702,000 | 2,439 | 37.6% |
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