The Fair Share Report
3 Compton Ave
Hazlet, NJ 07734
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 $247,910 – $366,545, from 12 comparable Hazlet sales in the past 18 months, at this home's 640 sq ft.
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 $332,673 home should be assessed near $297,643.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,657 above what the ratio math suggests (40.5%).
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 $1.717 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%174%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,331/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 48 ESSEX AVENUE | 2025-02 | $405,000 | 704 | 107.6% |
| 208 FOURTH STREET | 2026-05 | $420,000 | 808 | 93.0% |
| 30 FIFTH STREET | 2025-01 | $375,000 | 1,020 | 100.2% |
| 37 CENTRAL AVENUE | 2026-04 | $442,000 | 738 | 97.4% |
| 431 SOUTH LAUREL AVENUE | 2026-06 | $380,000 | 981 | 98.6% |
| 45 EIGHTH STREET | 2026-01 | $446,000 | 1,172 | 101.4% |
| 101 HUDSON AVENUE | 2026-04 | $565,000 | 988 | 75.8% |
| 100 HUDSON AVENUE | 2026-06 | $550,000 | 936 | 91.8% |
| 78 LIBERTY PLACE | 2026-03 | $475,000 | 1,101 | 88.0% |
| 79 CENTRAL AVENUE | 2026-01 | $445,000 | 988 | 112.0% |
| 57 HUDSON AVENUE | 2025-06 | $420,000 | 1,171 | 105.0% |
| 30 BROWN AVENUE | 2026-06 | $425,000 | 1,078 | 93.7% |
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