602 E Rd

Step 1 · Market value

Likely range $532,463 – $658,720, 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 $611,381 home should be assessed near $601,293.

Step 3 · Assessed value

Set at the last town-wide revaluation and mostly frozen since. That's $43,793 below what the ratio math suggests (7.3%).

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 $1.402 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

79%118%

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