The Fair Share Report
23 Dailey Dr
Hamilton, NJ 08620
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 $408,473 – $467,074, 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 $437,879 home should be assessed near $268,507.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,107 below what the ratio math suggests (23.5%).
Step 4 · The tax rate — same for every Hamilton home
$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%
This home's own bill implies $3.586 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hamilton sale · assessed ÷ market
38%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 |
|---|---|---|---|---|
| 44 FALMOUTH RD | 2025-12 | $430,000 | 1,344 | 48.2% |
| 90 HOOVER AVE | 2025-07 | $435,000 | 1,392 | 51.1% |
| 353 REDWOOD AVE | 2026-03 | $450,000 | 1,332 | 44.0% |
| 16 MEROVAN AVE | 2025-12 | $467,500 | 1,362 | 40.6% |
| 235 GEORGE DYE RD | 2025-07 | $450,000 | 1,353 | 51.9% |
| 13 RAVINE DR | 2025-06 | $439,000 | 1,431 | 48.7% |
| 17 MAGUIRE RD | 2026-05 | $490,000 | 1,380 | 48.4% |
| 23 MARK TWAIN DR | 2026-01 | $470,000 | 1,268 | 52.9% |
| 23 MARK TWAIN DR | 2025-10 | $315,000 | 1,268 | 78.9% |
| 48 BARBARA DR | 2025-10 | $395,000 | 1,301 | 41.7% |
| 533 TINDALL AVE | 2025-05 | $310,000 | 1,332 | 48.3% |
| 19 GODFREY DR | 2025-02 | $420,000 | 1,292 | 46.8% |
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