The Fair Share Report
553 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 $787,667 – $1,006,936, 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 $829,757 home should be assessed near $816,066.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,134 above what the ratio math suggests (7.0%).
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 $1.250 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%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 |
|---|---|---|---|---|
| 878 NEWMAN SPRINGS RD | 2025-05 | $999,999 | 2,327 | 94.5% |
| 44 FIELD AVE | 2025-06 | $900,000 | 2,217 | 92.7% |
| 509 NEWMAN SPRINGS RD | 2026-02 | $800,000 | 2,216 | 114.8% |
| 2 WARE PL | 2026-01 | $840,000 | 2,392 | 94.1% |
| 164 HEIGHTS TERR | 2026-04 | $825,000 | 2,300 | 105.5% |
| 11 PINEHURST AVE | 2025-04 | $660,000 | 2,203 | 106.0% |
| 90 TATUM DR | 2025-02 | $770,000 | 2,202 | 115.1% |
| 88 LYNN CT | 2026-06 | $633,000 | 2,200 | 107.9% |
| 1 EAST POINT RD | 2026-03 | $1,150,000 | 2,206 | 82.3% |
| 834 ANDOVER ST | 2025-02 | $1,148,500 | 2,112 | 94.3% |
| 49 STORK CT | 2026-03 | $1,440,000 | 2,386 | 77.6% |
| 173 RUTLEDGE DR | 2025-03 | $790,000 | 2,152 | 98.6% |
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