The Fair Share Report
73 Third St
Middletown, NJ 07718
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 $524,123 – $743,472, 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 $651,059 home should be assessed near $640,317.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $178,317 below what the ratio math suggests (27.8%).
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 $1.470 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
57%118%
Keep quiet and enjoy it
This home's assessment ratio sits below the Middletown 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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 350 EAST RD | 2026-06 | $650,000 | 1,228 | 87.5% |
| 90 CAMPBELL ST | 2025-05 | $787,700 | 1,192 | 97.2% |
| 921 PARK PL | 2026-04 | $730,000 | 1,302 | 97.5% |
| 707 CHAPEL HILL RD | 2025-02 | $710,000 | 1,200 | 91.8% |
| 403 SUNSET PL | 2026-05 | $557,000 | 1,152 | 93.5% |
| 10 CENTRAL AVE | 2026-02 | $544,000 | 1,152 | 99.2% |
| 916 PARK PL | 2025-05 | $705,000 | 1,144 | 102.0% |
| 22 RICHARD TERR | 2025-01 | $575,000 | 1,296 | 107.1% |
| 234 BRAY AVE | 2025-03 | $475,000 | 1,362 | 99.2% |
| 598 EAST RD | 2026-04 | $530,286 | 1,305 | 91.2% |
| 49 SEVENTH ST | 2026-06 | $635,000 | 1,184 | 85.9% |
| 42 HENRY DR | 2025-06 | $350,000 | 1,326 | 185.0% |
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