The Fair Share Report
24 Third Ave
Hamilton, NJ 08619
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 $192,496 – $326,912, 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 $263,580 home should be assessed near $161,627.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,127 below what the ratio math suggests (19.3%).
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%
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 |
|---|---|---|---|---|
| 26 BENSON AVE | 2026-06 | $342,000 | 933 | 36.6% |
| 16 KLEIN AVE | 2025-06 | $255,000 | 1,056 | 44.4% |
| 124 WAVERLY PL | 2025-10 | $305,000 | 1,112 | 43.0% |
| 1004 WILLIAM ST | 2026-04 | $275,000 | 1,068 | 35.4% |
| 3 RUDNER AVE | 2025-10 | $150,000 | 1,056 | 97.5% |
| 390 CONNECTICUT AVE | 2025-09 | $310,000 | 1,044 | 41.6% |
| 70 MARSHALL AVE EAST | 2025-04 | $350,000 | 934 | 48.6% |
| 144 BEAL ST | 2025-04 | $155,000 | 838 | 71.7% |
| 158 CHURCHILL AVE | 2025-12 | $350,000 | 999 | 48.9% |
| 412 BOW HILL AVE | 2025-05 | $325,000 | 1,014 | 42.1% |
| 2134 S CLINTON AVE | 2025-01 | $240,000 | 1,052 | 35.6% |
| 16 ALFRED AVE | 2025-05 | $315,000 | 1,034 | 44.8% |
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