The Fair Share Report

507 Bennett 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.

Step 1 · Market value

≈ $365,452

Likely range $313,817 – $477,690, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

64.09%

The state's official measure of how far Middle assessments sit below market value — republished every October, applied town-wide. A $365,452 home should be assessed near $234,218.

Step 3 · Assessed value

$239,100

Set at the last town-wide revaluation and mostly frozen since. That's $4,882 above what the ratio math suggests (2.1%).

Step 4 · The tax rate — same for every Middle home

$2.082 per $100 assessed

$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%

Step 5 · The bill

$5,169/yr
Public schools$2,855
Cape May County$767
Town of Middle$1,547
Middle average$5,374

This home vs. every recent Middle sale · assessed ÷ market

Town median 56.7%
This home · 65.4%

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)

AddressSoldPriceSq ftRatio
29 ELDREDGE AVE2026-04$515,0001,50745.8%
309 N 3RD ST2025-10$350,0001,47857.9%
706 BENNETT RD2026-02$350,0001,65060.7%
9 GOSHEN RD2025-10$430,0001,63861.4%
7 CORSON ST2025-06$362,0001,58855.1%
22 COLONIAL AVE2025-10$383,0001,55058.0%
506 HAND AVE2026-01$340,0001,41657.2%
8 GENEVA AVE2026-04$540,0001,53058.1%
24 N 12TH ST2025-07$210,0001,315114.1%
19 MIMOSA DRIVE2025-02$299,9001,55264.8%
1 CYPRESS COURT2025-06$399,9001,31152.0%
6 EASY ST2026-03$440,0001,46251.5%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →