The Fair Share Report
552 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 $535,184 – $726,081, 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 $612,788 home should be assessed near $602,677.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,423 above what the ratio math suggests (8.9%).
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 $1.494 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
81%128%
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 |
|---|---|---|---|---|
| 18 PENNYBROOK LANE | 2025-02 | $595,000 | 1,772 | 99.4% |
| 398 NAVESINK AVE | 2025-03 | $725,000 | 1,807 | 94.5% |
| 85 BONNIE DR | 2025-02 | $732,500 | 1,873 | 100.0% |
| 49 PAPE DR | 2026-06 | $727,000 | 1,660 | 84.4% |
| 3 BAY TREE CIR | 2025-05 | $618,027 | 1,716 | 106.3% |
| 27 BAY TREE CIR | 2025-04 | $659,500 | 1,906 | 96.8% |
| 610 CENTER AVE | 2026-04 | $501,500 | 1,724 | 94.4% |
| 18 HUNTERS POINTE RD | 2025-06 | $715,000 | 1,568 | 90.8% |
| 10 IRONWOOD CT | 2025-04 | $710,000 | 1,779 | 98.2% |
| 25 IRONWOOD CT | 2025-01 | $660,000 | 1,779 | 101.8% |
| 617 CARTER AVE | 2026-01 | $510,000 | 1,927 | 111.0% |
| 33 PENNYBROOK LANE | 2025-01 | $565,000 | 2,080 | 98.0% |
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