The Fair Share Report
592 E Rd
Middletown, NJ 07731
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 $458,286 – $652,066, 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 $515,686 home should be assessed near $507,177.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,277 below what the ratio math suggests (16.2%).
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 $1.435 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
60%118%
Keep quiet and enjoy it
This home's assessment ratio sits below the Middletown pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 299 SANDY HOOK AVE | 2026-05 | $465,000 | 1,060 | 106.5% |
| 72 PARKVIEW TERR | 2025-02 | $500,000 | 1,020 | 126.8% |
| 105 PARKVIEW TERR | 2025-02 | $475,000 | 1,020 | 131.5% |
| 51 SEVENTH ST | 2026-03 | $525,000 | 1,056 | 99.1% |
| 846 CENTER ST | 2026-05 | $615,000 | 1,028 | 107.2% |
| 49 MELROSE TERR | 2025-01 | $670,250 | 1,128 | 92.1% |
| 201 SUMMIT AVE | 2026-04 | $660,000 | 1,152 | 93.3% |
| 403 SUNSET PL | 2026-05 | $557,000 | 1,152 | 93.5% |
| 31 PHALANX RD | 2025-02 | $700,000 | 1,171 | 118.9% |
| 345 OAKLAND AVE | 2025-04 | $575,000 | 960 | 100.7% |
| 916 PARK PL | 2025-05 | $705,000 | 1,144 | 102.0% |
| 12 MARKET ST | 2026-03 | $525,000 | 1,180 | 109.6% |
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