The Fair Share Report
600 E Rd
Middletown, NJ 07748
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 $728,907 – $911,925, 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 $795,995 home should be assessed near $782,861.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,161 below what the ratio math suggests (5.0%).
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 $1.485 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
76%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 |
|---|---|---|---|---|
| 87 APPLE FARM RD | 2025-05 | $829,000 | 2,041 | 103.3% |
| 50 MAPLEWOOD DR | 2025-04 | $785,000 | 2,028 | 93.3% |
| 15 SUFFOLK LANE | 2025-05 | $726,500 | 2,024 | 104.3% |
| 6 CHANCEVILLE PL | 2025-06 | $790,000 | 2,103 | 86.8% |
| 477 N FOX AVE | 2026-06 | $790,500 | 2,014 | 94.6% |
| 101 MILLBROOK PL | 2025-03 | $775,000 | 2,123 | 93.3% |
| 173 RUTLEDGE DR | 2025-03 | $790,000 | 2,152 | 98.6% |
| 9 MAJESTIC AVE | 2025-04 | $906,500 | 1,971 | 102.3% |
| 643 W FRONT ST | 2025-04 | $771,500 | 1,954 | 94.9% |
| 111 HARBOR GREENS CIR | 2026-05 | $912,000 | 2,073 | 98.7% |
| 89 LEEDSVILLE DR | 2025-05 | $994,999 | 2,070 | 93.0% |
| 88 LYNN CT | 2026-06 | $633,000 | 2,200 | 107.9% |
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