The Fair Share Report
608 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 $602,232 – $909,349, 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 $701,971 home should be assessed near $690,388.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,888 below what the ratio math suggests (3.9%).
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 $1.465 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
68%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 |
|---|---|---|---|---|
| 424 GLENMARY AVE | 2025-04 | $635,000 | 1,688 | 98.7% |
| 143 MAIN ST | 2026-02 | $500,000 | 1,690 | 109.7% |
| 191 SUMMIT AVE | 2026-02 | $890,000 | 1,632 | 94.1% |
| 2 WOODRIDGE AVE | 2025-04 | $700,000 | 1,664 | 94.6% |
| 12 KARYN TERR E | 2026-06 | $710,000 | 1,594 | 99.8% |
| 75 FIELD AVE | 2025-03 | $725,000 | 1,700 | 98.1% |
| 6 RUTLEDGE DR | 2025-02 | $731,000 | 1,565 | 101.4% |
| 66 FISH HAWK DR | 2026-03 | $890,000 | 1,676 | 96.3% |
| 6 CLARIDGE DR | 2025-05 | $665,000 | 1,672 | 104.9% |
| 95 ALEXANDER DR | 2025-05 | $900,000 | 1,764 | 100.8% |
| 325 HOLLIE DR EAST | 2026-03 | $565,000 | 1,569 | 96.1% |
| 73 HUBBARD AVE | 2026-05 | $1,260,000 | 1,700 | 63.8% |
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