The Fair Share Report
85 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 $565,540 – $755,684, 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 $674,417 home should be assessed near $663,289.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $157,711 above what the ratio math suggests (23.8%).
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 $1.435 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
81%151%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,545/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 334 CAMPBELL AVE | 2025-04 | $640,000 | 1,641 | 100.1% |
| 547 GREENE AVE | 2025-06 | $715,000 | 1,680 | 104.3% |
| 325 HOLLIE DR EAST | 2026-03 | $565,000 | 1,569 | 96.1% |
| 100 LINDEN AVE | 2025-06 | $715,000 | 1,544 | 98.5% |
| 120 STATESIR PL | 2025-05 | $700,000 | 1,544 | 97.8% |
| 6 RUTLEDGE DR | 2025-02 | $731,000 | 1,565 | 101.4% |
| 164 OCEAN AVE | 2026-06 | $440,000 | 1,708 | 115.6% |
| 424 GLENMARY AVE | 2025-04 | $635,000 | 1,688 | 98.7% |
| 52 MONMOUTH AVE | 2025-04 | $525,000 | 1,440 | 97.3% |
| 22 MERCER AVE | 2026-04 | $525,000 | 1,344 | 98.1% |
| 143 MAIN ST | 2026-02 | $500,000 | 1,690 | 109.7% |
| 398 CONOVER PL | 2026-01 | $815,000 | 1,696 | 101.8% |
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