The Fair Share Report
77 Applegate St
Middletown, NJ 07701
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 $559,152 – $851,933, 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 $681,445 home should be assessed near $670,201.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,599 above what the ratio math suggests (8.7%).
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 $1.406 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
80%136%
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 |
|---|---|---|---|---|
| 79 LAKE SHORE DR | 2026-01 | $810,000 | 1,441 | 102.1% |
| 56 OREGON AVE | 2026-05 | $545,000 | 1,442 | 106.0% |
| 12 FRANKLIN AVE | 2026-05 | $648,000 | 1,466 | 91.7% |
| 234 BRAY AVE | 2025-03 | $475,000 | 1,362 | 99.2% |
| 25 HENRY DR | 2025-01 | $650,000 | 1,431 | 99.3% |
| 121 LAKE SHORE DR | 2025-04 | $647,000 | 1,390 | 99.0% |
| 47 MCLEAN ST | 2026-05 | $870,000 | 1,464 | 73.5% |
| 139 SUMMIT AVE | 2025-03 | $555,000 | 1,401 | 107.2% |
| 52 MONMOUTH AVE | 2025-04 | $525,000 | 1,440 | 97.3% |
| 921 PARK PL | 2026-04 | $730,000 | 1,302 | 97.5% |
| 6 RUTLEDGE DR | 2025-02 | $731,000 | 1,565 | 101.4% |
| 43 MAIDA TERR | 2026-06 | $905,000 | 1,544 | 88.7% |
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