The Fair Share Report
2 E Jack St
Hazlet, NJ 07747
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 $464,639 – $637,471, 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 $542,935 home should be assessed near $485,764.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,136 above what the ratio math suggests (8.1%).
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 $1.793 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%118%
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 |
|---|---|---|---|---|
| 93 HAZLET AVENUE | 2025-05 | $400,000 | 1,326 | 111.1% |
| 19 WOODY TERRACE | 2026-02 | $490,000 | 1,344 | 94.1% |
| 10 GIBSON DRIVE | 2025-05 | $555,000 | 1,334 | 100.4% |
| 46 PARK VIEW DRIVE | 2026-03 | $500,000 | 1,368 | 108.4% |
| 27 MASON DRIVE | 2026-05 | $662,000 | 1,332 | 89.7% |
| 42 PARK VIEW DRIVE | 2026-05 | $565,000 | 1,228 | 102.4% |
| 8 BROOKLAWN DRIVE | 2025-04 | $547,900 | 1,348 | 100.8% |
| 2024 FLORENCE AVENUE | 2026-05 | $645,000 | 1,352 | 82.5% |
| 36 DARTMOUTH DRIVE | 2026-06 | $675,000 | 1,320 | 82.4% |
| 3 CORNELL DRIVE | 2026-05 | $676,500 | 1,380 | 82.5% |
| 28 NEVADA DRIVE | 2026-02 | $450,000 | 1,320 | 111.2% |
| 1 MONTEREY DRIVE | 2025-05 | $490,000 | 1,289 | 105.1% |
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