The Fair Share Report
75 Second 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 $621,621 – $725,434, 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 $661,392 home should be assessed near $650,479.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,079 below what the ratio math suggests (8.6%).
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 $1.487 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
76%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 |
|---|---|---|---|---|
| 624 HUDSON AVE | 2026-04 | $579,000 | 1,524 | 98.4% |
| 8 MICHELE DR | 2025-05 | $690,000 | 1,616 | 103.0% |
| 431 WALNUT ST | 2025-05 | $650,000 | 1,578 | 91.9% |
| 96 COOPER BLVD | 2026-05 | $685,000 | 1,514 | 96.7% |
| 12 SALISBURY AVE | 2025-04 | $615,000 | 1,516 | 101.5% |
| 520 EAST RD | 2026-04 | $700,000 | 1,534 | 97.8% |
| 10 PARK AVE W | 2025-03 | $536,500 | 1,534 | 114.1% |
| 322 THOMPSON AVE | 2026-05 | $625,000 | 1,468 | 77.3% |
| 62 MANNING ST | 2025-03 | $750,000 | 1,449 | 101.2% |
| 42 YORK AVE | 2026-04 | $665,000 | 1,572 | 96.1% |
| 68 LEEDSVILLE DR | 2026-05 | $1,035,000 | 1,552 | 91.0% |
| 4 SPRADLEY LANE | 2026-05 | $850,000 | 1,504 | 86.3% |
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