The Fair Share Report
621 E Rd
Middletown, NJ 07035
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 $455,022 – $651,995, 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 $602,861 home should be assessed near $592,914.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,114 below what the ratio math suggests (3.2%).
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 $1.539 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
81%132%
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 |
|---|---|---|---|---|
| 1 DICKINSON CT | 2025-04 | $450,000 | 1,440 | 100.8% |
| 33 AUBURN CT | 2026-01 | $390,000 | 1,391 | 102.0% |
| 36 BERKSHIRE CT | 2025-04 | $610,000 | 1,408 | 87.7% |
| 25 CLAREMONT CT | 2025-02 | $335,000 | 1,391 | 100.6% |
| 7 HAMPTON CT | 2026-06 | $730,000 | 1,448 | 78.0% |
| 31 MONMOUTH AVE | 2026-02 | $616,000 | 1,468 | 88.0% |
| 62 MANNING ST | 2025-03 | $750,000 | 1,449 | 101.2% |
| 322 THOMPSON AVE | 2026-05 | $625,000 | 1,468 | 77.3% |
| 56 PRIVET PL | 2026-05 | $630,000 | 1,386 | 92.9% |
| 64 BOXWOOD TERR | 2026-05 | $631,000 | 1,386 | 88.0% |
| 80 BOXWOOD TERR | 2026-01 | $567,500 | 1,386 | 99.2% |
| 74 BOXWOOD TERR | 2025-06 | $600,000 | 1,386 | 93.4% |
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