The Fair Share Report

32 Second 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.

Step 1 · Market value

≈ $445,470

Likely range $344,770 – $507,653, from 12 comparable Hamilton sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

61.32%

The state's official measure of how far Hamilton assessments sit below market value — republished every October, applied town-wide. A $445,470 home should be assessed near $273,162.

Step 3 · Assessed value

$203,300

Set at the last town-wide revaluation and mostly frozen since. That's $69,862 below what the ratio math suggests (25.6%).

Step 4 · The tax rate — same for every Hamilton home

$3.708 per $100 assessed

$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%

Step 5 · The bill

$7,538/yr
Public schools$3,070
Mercer County$1,689
Town of Hamilton$2,779
Hamilton average$8,075

This home vs. every recent Hamilton sale · assessed ÷ market

Town median 51.7%
This home · 45.6%

35%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)

AddressSoldPriceSq ftRatio
732 MOWAT CIRCLE2025-10$325,0001,41450.9%
334 MOWAT CIRCLE2025-06$335,0001,41449.3%
395 BUNTING AVE2026-04$307,0001,61374.3%
2 MEADOWLARK DR2026-01$300,0001,46868.2%
7 SWALLOW DR2026-04$490,0001,56355.6%
69 BEAR MEADE DR2025-01$545,0001,56355.3%
10 SUNFLOWER LANE2025-09$510,0001,56253.7%
14 LOCUST HILL BLVD2025-11$399,9991,48556.3%
3 NIGHTINGALE DR2026-06$489,9001,67652.0%
43 CHICKADEE WAY2026-02$435,0001,59457.5%
5 WREN LANE2026-06$505,0001,64250.5%
128 SPARROW DR2025-11$560,0001,74946.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →