The Fair Share Report
114 Cherry St
Hammonton, NJ 08037
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 $209,353 – $390,443, from 12 comparable Hammonton 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 Hammonton assessments sit below market value — republished every October, applied town-wide. A $251,689 home should be assessed near $174,320.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,120 below what the ratio math suggests (22.4%).
Step 4 · The tax rate — same for every Hammonton home
$1.451 Schools · 52% $0.570 County · 20% $0.796 Town · 28%
This home's own bill implies $2.447 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hammonton sale · assessed ÷ market
29%108%
Paying about right
This home's ratio lands inside Hammonton'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 |
|---|---|---|---|---|
| 419 N 2ND ST | 2025-03 | $390,000 | 1,358 | 60.5% |
| 38 PRESSEY ST | 2025-01 | $288,000 | 1,442 | 96.0% |
| 135 MAPLE ST | 2026-06 | $100,000 | 1,444 | 137.0% |
| 30 PRESSEY ST | 2025-01 | $330,125 | 1,328 | 52.1% |
| 338 E PLEASANT ST | 2025-04 | $317,000 | 1,836 | 49.5% |
| 100 N 1ST RD | 2025-12 | $360,000 | 1,456 | 62.9% |
| 608 GRAPE ST | 2025-09 | $265,000 | 1,723 | 65.2% |
| 31 WOODMAN AVE | 2026-06 | $210,000 | 1,214 | 62.7% |
| 517 N 3RD ST | 2026-02 | $120,000 | 1,530 | 129.1% |
| 3 RACHEL COURT | 2025-01 | $339,000 | 1,490 | 60.9% |
| 413 PRATT ST | 2025-06 | $175,000 | 1,292 | 166.6% |
| 621 GRAPE ST | 2026-01 | $220,000 | 1,338 | 72.5% |
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