The Fair Share Report
549 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 $605,073 – $730,835, 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 $654,916 home should be assessed near $644,110.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,110 below what the ratio math suggests (4.1%).
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 $1.465 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%118%
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 WALNUT AVE | 2025-02 | $645,000 | 1,366 | 103.7% |
| 213 HARVEY AVE | 2026-05 | $657,800 | 1,362 | 100.0% |
| 121 LAKE SHORE DR | 2025-04 | $647,000 | 1,390 | 99.0% |
| 25 HENRY DR | 2025-01 | $650,000 | 1,431 | 99.3% |
| 42 HENRY DR | 2025-06 | $350,000 | 1,326 | 185.0% |
| 4 THE TRAIL | 2026-05 | $725,000 | 1,489 | 86.0% |
| 165 BAYVIEW AVE | 2025-06 | $660,000 | 1,492 | 91.8% |
| 598 EAST RD | 2026-04 | $530,286 | 1,305 | 91.2% |
| 74 FISH HAWK DR | 2026-01 | $900,000 | 1,534 | 90.6% |
| 22 RICHARD TERR | 2025-01 | $575,000 | 1,296 | 107.1% |
| 79 LAKE SHORE DR | 2026-01 | $810,000 | 1,441 | 102.1% |
| 43 MAIDA TERR | 2026-06 | $905,000 | 1,544 | 88.7% |
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