The Fair Share Report
97 Compton 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 $557,495 – $769,428, 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 $659,346 home should be assessed near $648,467.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,167 below what the ratio math suggests (11.4%).
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 $1.500 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
69%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 |
|---|---|---|---|---|
| 3 BAY TREE CIR | 2025-05 | $618,027 | 1,716 | 106.3% |
| 49 PAPE DR | 2026-06 | $727,000 | 1,660 | 84.4% |
| 174 MONMOUTH AVE | 2026-06 | $987,000 | 1,568 | 57.7% |
| 615 MONMOUTH AVE | 2026-03 | $510,000 | 1,640 | 102.6% |
| 244 BAY AVE | 2025-01 | $600,500 | 1,733 | 105.8% |
| 120 SHORELAND TERR | 2026-06 | $535,000 | 1,545 | 95.6% |
| 37 VANDERBILT AVE | 2025-04 | $710,000 | 1,570 | 100.0% |
| 83 IRONWOOD CT | 2026-06 | $745,000 | 1,712 | 90.3% |
| 78 IRONWOOD CT | 2026-01 | $697,500 | 1,712 | 93.0% |
| 18 IRONWOOD CT | 2025-05 | $680,000 | 1,712 | 99.3% |
| 107 IRONWOOD CT | 2025-05 | $680,000 | 1,712 | 100.1% |
| 18 HUNTERS POINTE RD | 2025-06 | $715,000 | 1,568 | 90.8% |
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