The Fair Share Report

6 Galloping Way

Middle, NJ 08210

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.

Step 1 · Market value

≈ $706,712

Likely range $527,327 – $840,251, from 12 comparable Middle sales in the past 18 months, at this home's 2,725 sq ft.

Step 2 · The Director's Ratio

64.09%

The state's official measure of how far Middle assessments sit below market value — republished every October, applied town-wide. A $706,712 home should be assessed near $452,932.

Step 3 · Assessed value

$395,800

Set at the last town-wide revaluation and mostly frozen since. That's $57,132 below what the ratio math suggests (12.6%).

Step 4 · The tax rate — same for every Middle home

$2.082 per $100 assessed

$1.150 Schools · 55% $0.309 County · 15% $0.623 Town · 30%

Step 5 · The bill

$8,557/yr
Public schools$4,727
Cape May County$1,270
Town of Middle$2,561
Middle average$5,374

This home vs. every recent Middle sale · assessed ÷ market

Town median 56.7%
This home · 56.0%

39%84%

Paying about right

This home's ratio lands inside Middle's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
20 LOCHALSH LANE2025-07$555,0002,86852.5%
16 SAND CASTLE DRIVE2025-07$680,0002,56059.8%
2 S 15TH ST2025-05$540,0002,60454.6%
322 1ST AVE2025-05$680,0002,62255.8%
1123 STONE HARBOR BLVD2025-03$2,235,0002,73631.2%
44 DORY DRIVE #B2025-03$550,0003,19580.6%
108 N 6TH AVE2026-03$599,0003,32262.0%
17 HOLLY KNOLL DRIVE2025-02$725,0003,23262.5%
15 4TH AVE2025-09$525,0003,17666.6%
24 MARLYN DRIVE2026-04$375,0002,14774.6%
2 WATERFORD LANE2025-08$910,0002,87675.8%
1116 STONE HARBOR BLVD1012025-12$1,525,0002,43942.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →