The Fair Share Report
1 Compton Ave
Hazlet, NJ 07730
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 $482,067 – $696,618, from 12 comparable Hazlet 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 Hazlet assessments sit below market value — republished every October, applied town-wide. A $546,037 home should be assessed near $488,539.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,361 above what the ratio math suggests (19.9%).
Step 4 · The tax rate — same for every Hazlet home
$1.274 Schools · 66% $0.222 County · 11% $0.436 Town · 23%
This home's own bill implies $1.765 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hazlet sale · assessed ÷ market
77%127%
Paying about right
This home's ratio lands inside Hazlet'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 |
|---|---|---|---|---|
| 125 SIXTH STREET | 2026-02 | $304,000 | 1,692 | 110.3% |
| 8 NEWMAN STREET | 2025-03 | $335,000 | 1,784 | 143.0% |
| 659 HOLMDEL ROAD | 2026-05 | $485,000 | 1,765 | 105.7% |
| 557B LLOYD ROAD | 2026-02 | $505,000 | 1,720 | 79.2% |
| 3 LARSEN LANE | 2025-06 | $640,000 | 2,156 | 106.6% |
| 4 DEER STREET | 2025-02 | $575,000 | 1,886 | 101.3% |
| 25 GERALD TERRACE | 2026-06 | $630,000 | 1,818 | 94.0% |
| 20 FIFTH STREET | 2025-03 | $479,000 | 2,059 | 101.8% |
| 20 CORNELL DRIVE | 2026-04 | $662,000 | 1,762 | 97.0% |
| 611 SOUTH LAUREL AVENUE | 2026-05 | $685,000 | 1,830 | 82.1% |
| 116 HUDSON AVENUE | 2026-06 | $540,000 | 1,663 | 84.5% |
| 8 ASHLEIGH DRIVE | 2025-01 | $690,000 | 1,741 | 92.9% |
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