The Fair Share Report
120 Third Ave
Hamilton, NJ 08817
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 $324,356 – $384,447, from 12 comparable Hamilton sales in the past 18 months, at this home's 1,008 sq ft.
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 $353,779 home should be assessed near $216,937.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,137 below what the ratio math suggests (29.6%).
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
34%77%
Keep quiet and enjoy it
This home's assessment ratio sits below the Hamilton pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 38 LONGWOOD DR | 2026-01 | $325,000 | 1,010 | 57.8% |
| 32 COLERIDGE AVE | 2025-07 | $360,000 | 1,008 | 52.2% |
| 433 SANDALWOOD AVE | 2025-05 | $315,000 | 1,019 | 40.5% |
| 42 THOREAU RD | 2025-01 | $416,000 | 987 | 55.3% |
| 29 PETTYRIDGE RD | 2025-12 | $400,000 | 1,041 | 49.7% |
| 26 FALMOUTH RD | 2025-09 | $355,000 | 1,008 | 50.7% |
| 42 MARK TWAIN DR | 2025-10 | $325,000 | 987 | 63.2% |
| 52 GERARD RD | 2025-05 | $364,000 | 1,030 | 50.0% |
| 52 GERARD RD | 2025-02 | $255,000 | 1,030 | 71.4% |
| 24 SOLOFF DR | 2026-04 | $365,000 | 1,041 | 37.4% |
| 25 COLERIDGE AVE | 2026-01 | $361,500 | 1,030 | 51.5% |
| 279 CONNECTICUT AVE | 2025-08 | $330,000 | 1,008 | 36.7% |
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