The Fair Share Report
32 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 $260,583 – $368,873, 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 $290,948 home should be assessed near $178,409.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,009 below what the ratio math suggests (13.5%).
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
36%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 |
|---|---|---|---|---|
| 64 ARBOR AVE | 2025-02 | $201,000 | 1,116 | 85.2% |
| 240 MASON AVE | 2025-11 | $230,000 | 1,088 | 67.2% |
| 1349 NOTTINGHAM WAY | 2025-05 | $273,000 | 1,056 | 45.5% |
| 274 MCADOO AVE | 2026-06 | $420,000 | 1,190 | 48.4% |
| 10 EMELINE AVE | 2025-09 | $330,000 | 1,276 | 45.8% |
| 43 SHERWOOD AVE | 2025-07 | $515,000 | 1,300 | 47.5% |
| 20 LEUCKEL AVE | 2026-01 | $335,000 | 1,056 | 42.1% |
| 110 FIRST AVE | 2025-01 | $227,500 | 964 | 56.9% |
| 37 PARTRIDGE AVE | 2025-09 | $250,000 | 1,008 | 43.3% |
| 184 GRAND AVE | 2025-03 | $329,000 | 1,326 | 41.7% |
| 8 RUDNER AVE | 2025-09 | $350,000 | 1,152 | 46.2% |
| 112 MAGOWAN AVE | 2025-10 | $355,000 | 1,121 | 43.3% |
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