The Fair Share Report
3 Mount Ave
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 $304,631 – $366,913, 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 $332,139 home should be assessed near $203,668.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,068 below what the ratio math suggests (21.6%).
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 $3.551 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 |
|---|---|---|---|---|
| 2472 YDV-HAM SQ RD | 2025-12 | $355,000 | 978 | 54.3% |
| 443 MILLER AVE | 2025-11 | $125,000 | 964 | 119.6% |
| 12 FOX LA | 2026-03 | $419,000 | 1,004 | 48.7% |
| 16 WILSON AVE | 2025-07 | $275,000 | 1,097 | 71.5% |
| 7 SARANAC RD | 2025-12 | $380,000 | 1,188 | 53.0% |
| 3 VILLAGE CT | 2025-11 | $450,000 | 1,075 | 47.2% |
| 94 PHILLIPS AVE | 2025-03 | $340,000 | 912 | 48.3% |
| 82 HAUSER AVE | 2025-07 | $410,000 | 1,282 | 50.6% |
| 109 N HAMILTON AVE | 2025-01 | $333,500 | 980 | 54.9% |
| 136 SHERWOOD AVE | 2025-01 | $345,000 | 932 | 58.0% |
| 1853 MCGALLIARD AVE | 2025-09 | $350,000 | 984 | 48.1% |
| 6 VILLAGE DR | 2025-03 | $435,000 | 1,176 | 49.8% |
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