The Fair Share Report
724 Pershing Ave
Middlesex, NJ 08846
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 $535,733 – $646,391, from 12 comparable Middlesex 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 Middlesex assessments sit below market value — republished every October, applied town-wide. A $592,595 home should be assessed near $577,899.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,799 below what the ratio math suggests (4.8%).
Step 4 · The tax rate — same for every Middlesex home
$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%
This home's own bill implies $1.977 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Middlesex sale · assessed ÷ market
77%122%
Paying about right
This home's ratio lands inside Middlesex'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 |
|---|---|---|---|---|
| 38 WARRENVILLE RD | 2026-02 | $575,000 | 1,836 | 100.8% |
| 313 F ST | 2025-05 | $700,000 | 1,920 | 85.9% |
| 284 HARRIS AVE | 2025-01 | $555,000 | 1,704 | 102.3% |
| 7 WEISS DR | 2026-02 | $660,000 | 2,016 | 75.6% |
| 217-219 SECOND ST | 2026-04 | $460,000 | 1,768 | 117.6% |
| 5 KALMAN CT | 2025-06 | $655,000 | 1,904 | 90.1% |
| 57 GREENBROOK RD | 2026-03 | $575,000 | 1,732 | 94.3% |
| 167 BARBARA PL | 2026-06 | $760,000 | 2,108 | 79.5% |
| 1117 HAZELWOOD AVE | 2025-06 | $540,000 | 1,606 | 92.8% |
| 14 JUNE WAY | 2026-04 | $692,000 | 1,780 | 83.5% |
| 531 CHESTNUT ST | 2026-03 | $540,000 | 1,512 | 108.7% |
| 5 WELLS PLACE | 2026-01 | $685,000 | 2,372 | 91.9% |
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