The Fair Share Report
115 Third Ave
Hamilton, NJ 08831
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 $245,272 – $344,636, from 12 comparable Hamilton 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 Hamilton assessments sit below market value — republished every October, applied town-wide. A $307,051 home should be assessed near $188,284.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,984 below what the ratio math suggests (31.3%).
Step 4 · The tax rate — same for every Hamilton home
$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%
Step 5 · The bill
This home vs. every recent Hamilton sale · assessed ÷ market
32%77%
Paying about right
This home's ratio lands inside Hamilton'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 |
|---|---|---|---|---|
| 2098 S OLDEN AVE | 2026-02 | $385,000 | 965 | 41.8% |
| 100 WAGNER ST | 2026-06 | $320,000 | 928 | 34.8% |
| 220 JEREMIAH AVE | 2025-10 | $320,000 | 1,008 | 43.5% |
| 801 CEDAR LA | 2025-05 | $211,500 | 964 | 63.0% |
| 252 CHURCHILL AVE | 2025-12 | $330,000 | 945 | 46.9% |
| 412 BOW HILL AVE | 2025-05 | $325,000 | 1,014 | 42.1% |
| 70 MARSHALL AVE EAST | 2025-04 | $350,000 | 934 | 48.6% |
| 203 EATON AVE | 2025-12 | $255,000 | 921 | 66.6% |
| 279 CONNECTICUT AVE | 2025-08 | $330,000 | 1,008 | 36.7% |
| 52 GERARD RD | 2025-05 | $364,000 | 1,030 | 50.0% |
| 52 GERARD RD | 2025-02 | $255,000 | 1,030 | 71.4% |
| 140 MADDOCK AVE | 2026-01 | $299,900 | 1,086 | 63.6% |
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