The Fair Share Report
1633 E State St
Hamilton, NJ 08609
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 $128,691 – $256,522, 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 $194,829 home should be assessed near $119,469.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,369 below what the ratio math suggests (32.1%).
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
26%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 |
|---|---|---|---|---|
| 18 ELIZABETH AVE | 2025-07 | $242,500 | 840 | 26.1% |
| 144 BEAL ST | 2025-04 | $155,000 | 838 | 71.7% |
| 58 ARBOR AVE | 2025-04 | $287,500 | 848 | 49.3% |
| 191 MAIN ST | 2025-04 | $250,000 | 864 | 49.3% |
| 36 ARBOR AVE | 2026-04 | $185,000 | 896 | 73.3% |
| 240 HOBART AVE | 2025-09 | $135,000 | 896 | 56.7% |
| 1267 NOTTINGHAM WAY | 2026-03 | $202,000 | 1,102 | 23.6% |
| 1267 NOTTINGHAM WAY | 2026-01 | $100,000 | 1,102 | 47.6% |
| 201 MAIN ST | 2025-06 | $150,000 | 919 | 101.4% |
| 16 KLEIN AVE | 2025-06 | $255,000 | 1,056 | 44.4% |
| 944 S OLDEN AVE | 2025-04 | $210,000 | 840 | 52.8% |
| 2134 S CLINTON AVE | 2025-01 | $240,000 | 1,052 | 35.6% |
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