The Fair Share Report
515 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 $652,871 – $897,170, 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 $794,504 home should be assessed near $781,395.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,695 below what the ratio math suggests (2.9%).
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 $1.490 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
79%122%
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 |
|---|---|---|---|---|
| 9 MAJESTIC AVE | 2025-04 | $906,500 | 1,971 | 102.3% |
| 110 JUMPING BROOK RD | 2025-05 | $1,150,000 | 1,904 | 91.3% |
| 11 WILLIAMS AVE | 2025-02 | $590,000 | 1,836 | 102.0% |
| 12 HILL RD | 2025-01 | $820,000 | 1,956 | 100.5% |
| 25 MAJESTIC AVE | 2025-04 | $951,000 | 1,863 | 95.6% |
| 15 THE VISTA | 2025-01 | $820,000 | 1,758 | 98.5% |
| 15 SUFFOLK LANE | 2025-05 | $726,500 | 2,024 | 104.3% |
| 301 MAIN ST | 2025-02 | $530,000 | 1,910 | 99.3% |
| 4 MERCURY ST | 2026-05 | $799,000 | 1,756 | 89.2% |
| 15 ALBON CT | 2025-02 | $660,000 | 1,976 | 99.0% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 24 WOODLAND DR | 2025-06 | $840,000 | 1,994 | 102.0% |
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