The Fair Share Report
3 Libby Ct
Hamilton, NJ 08060
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 $425,053 – $558,705, 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 $502,688 home should be assessed near $308,248.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,348 below what the ratio math suggests (28.3%).
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 |
|---|---|---|---|---|
| 12 TYNDALE RD | 2025-08 | $570,000 | 1,736 | 50.3% |
| 8 CRESTWOOD DR | 2025-07 | $625,000 | 1,736 | 51.2% |
| 47 WESLEYAN DR | 2025-12 | $632,000 | 1,736 | 44.3% |
| 43 DEACON DR | 2025-05 | $620,000 | 1,778 | 54.0% |
| 406 FLOCK RD | 2026-02 | $460,000 | 1,778 | 61.5% |
| 406 FLOCK RD | 2025-11 | $350,000 | 1,778 | 80.8% |
| 32 HOBBS RD | 2025-02 | $498,000 | 1,905 | 54.7% |
| 835 HUGHES DR | 2025-01 | $428,000 | 1,778 | 64.7% |
| 1338 STATE HWY 33 | 2026-01 | $490,000 | 1,804 | 51.9% |
| 9 TAR HEELS RD | 2025-08 | $525,000 | 1,715 | 55.5% |
| 708 YDV-HAM SQ RD | 2025-06 | $565,000 | 1,728 | 53.5% |
| 248 TRENTON AVE | 2025-08 | $465,000 | 1,760 | 50.8% |
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