The Fair Share Report

606 E Main Ave

Middle, NJ 08242

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

≈ $409,941

Likely range $321,896 – $473,893, from 12 comparable Middle sales in the past 18 months (home size estimated from assessor data — range widened).

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 $409,941 home should be assessed near $262,731.

Step 3 · Assessed value

$139,700

Set at the last town-wide revaluation and mostly frozen since. That's $123,031 below what the ratio math suggests (46.8%).

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

$3,101/yr
Public schools$1,713
Cape May County$460
Town of Middle$928
Middle average$5,374

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

Town median 56.7%
This home · 34.1%

24%84%

Keep quiet and enjoy it

This home's assessment ratio sits below the Middle 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)

AddressSoldPriceSq ftRatio
805 STONE HARBOR BLVD2025-08$600,0001,30054.0%
1 CYPRESS COURT2025-06$399,9001,31152.0%
102 SCHOOLHOUSE LANE #22025-03$300,0001,15276.9%
203 VERMONT AVE2025-06$365,0001,32859.5%
102 PINE AVE2025-05$478,0001,34453.0%
19 MIMOSA DRIVE2025-02$299,9001,55264.8%
15 LEONARDS LANE2025-07$1,699,0001,40433.1%
1100 MILLMAN BLVD2025-02$455,0001,44447.8%
24 N 12TH ST2025-07$210,0001,315114.1%
6 LAFAYETTE AVE2025-07$230,0001,46267.0%
8 GENEVA AVE2026-04$540,0001,53058.1%
125 LEHIGH AVE2026-05$412,0001,14847.0%

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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 →