The Fair Share Report
2 Ithaca Ct
Hamilton, NJ 08690
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 $283,029 – $464,079, 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 $416,719 home should be assessed near $255,532.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,368 above what the ratio math suggests (5.2%).
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
38%100%
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 |
|---|---|---|---|---|
| 325 JENCOHALLO AVE | 2025-03 | $230,000 | 1,764 | 76.8% |
| 32 HARTMAN DR | 2026-04 | $450,000 | 1,753 | 54.2% |
| 3 HEIGHTS TERR | 2025-10 | $450,000 | 1,736 | 55.8% |
| 316 W PARK AVE | 2025-10 | $370,000 | 1,914 | 52.7% |
| 54 MAE DR | 2025-07 | $430,000 | 1,736 | 57.0% |
| 3 SOLOFF DR | 2025-10 | $320,000 | 1,673 | 58.2% |
| 8 DAILEY DR | 2025-10 | $530,000 | 1,792 | 49.1% |
| 327 MCADOO AVE | 2026-05 | $400,000 | 1,634 | 55.7% |
| 2917 MER-QUAKER BR RD | 2025-04 | $305,000 | 1,780 | 82.1% |
| 408 CONNECTICUT AVE | 2025-12 | $260,000 | 1,721 | 69.2% |
| 2640 S CLINTON AVE | 2026-04 | $450,000 | 1,920 | 47.6% |
| 47 HILLHURST AVE | 2026-06 | $360,000 | 1,920 | 65.4% |
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