The Fair Share Report

86 Cedar Ave

Middlesex, NJ 07059

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.

Step 1 · Market value

≈ $443,158

Likely range $354,468 – $525,539, from 12 comparable Middlesex sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

97.52%

The state's official measure of how far Middlesex assessments sit below market value — republished every October, applied town-wide. A $443,158 home should be assessed near $432,168.

Step 3 · Assessed value

$456,800

Set at the last town-wide revaluation and mostly frozen since. That's $24,632 above what the ratio math suggests (5.7%).

Step 4 · The tax rate — same for every Middlesex home

$2.119 per $100 assessed

$1.137 Schools · 54% $0.340 County · 16% $0.643 Town · 30%

This home's own bill implies $1.927 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,804/yr
Public schools$4,722
Middlesex County$1,412
Town of Middlesex$2,670
Middlesex average$10,237

This home vs. every recent Middlesex sale · assessed ÷ market

Town median 97.6%
This home · 103.1%

77%134%

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)

AddressSoldPriceSq ftRatio
301 BEECHWOOD AVE2025-03$575,0001,24293.9%
169 MISTY LN2025-04$300,000900123.2%
85 WILTON AVE2026-03$435,0001,07276.0%
95 WILTON AVE2026-01$405,0001,07278.1%
230 OAK DR2025-03$360,0001,144116.3%
115 STOUT AVE2025-02$576,9001,54091.0%
720 VOORHEES AVE2025-03$460,0001,11394.6%
759 DRAKE AVE2025-03$527,00097287.3%
305 HARRIS AVE2025-03$500,0001,19796.0%
47B GRAMERCY GARDENS2026-03$211,50090099.5%
48B GRAMERCY GARDENS2025-04$196,000900107.3%
47B GRAMERCY GARDENS2025-01$185,000900113.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →