The Fair Share Report

705 Cedar Ave

Middle, NJ 08210

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

≈ $867,916

Likely range $672,712 – $1,048,891, from 12 comparable Middle sales in the past 18 months, at this home's 3,666 sq ft.

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 $867,916 home should be assessed near $556,247.

Step 3 · Assessed value

$304,900

Set at the last town-wide revaluation and mostly frozen since. That's $251,347 below what the ratio math suggests (45.2%).

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

$6,769/yr
Public schools$3,739
Cape May County$1,005
Town of Middle$2,025
Middle average$5,374

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

Town median 56.7%
This home · 35.1%

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
576 RTE 47 N2026-02$700,0003,46055.5%
9 CYNWYD DRIVE2025-01$605,0003,29764.0%
18 EAGLES WAY2025-08$1,355,0003,71158.2%
10 TIMBERLEA LANE2025-09$600,0002,96667.6%
9 HAWKS LANDING2025-05$920,0003,88651.6%
302 RIDGE RD2025-05$450,0002,63458.1%
5 REAGANS RUN2025-02$1,100,0004,00751.1%
27 SAND CASTLE DRIVE2025-07$1,070,0004,01961.3%
9 SEABREEZE LANE2026-01$1,999,9994,03643.6%
108 N 6TH AVE2026-03$599,0003,32262.0%
17 HOLLY KNOLL DRIVE2025-02$725,0003,23262.5%
17 EAGLES WAY2026-01$1,595,0004,18948.6%

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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 →