The Fair Share Report

33 Hampton Rd

Chatham, NJ 07503

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

≈ $1,546,427

Likely range $1,304,210 – $1,805,917, from 12 comparable Chatham sales in the past 18 months, at this home's 2,788 sq ft.

Step 2 · The Director's Ratio

66.41%

The state's official measure of how far Chatham assessments sit below market value — republished every October, applied town-wide. A $1,546,427 home should be assessed near $1,026,982.

Step 3 · Assessed value

$902,200

Set at the last town-wide revaluation and mostly frozen since. That's $124,782 below what the ratio math suggests (12.2%).

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

$2.103 per $100 assessed

$1.370 Schools · 65% $0.330 County · 16% $0.403 Town · 19%

Step 5 · The bill

$18,982/yr
Public schools$12,366
Morris County$2,979
Town of Chatham$3,638
Chatham average$18,371

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

Town median 58.0%
This home · 58.3%

43%82%

Paying about right

This home's ratio lands inside Chatham'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
23 PARK VIEW RD2025-07$1,810,0232,79550.3%
128 CANDACE LN2025-08$1,750,0002,68342.8%
27 STONEWYCK DR2025-04$1,750,0002,96952.7%
62 CANDACE LN2025-03$1,940,0002,99554.8%
535 FAIRMOUNT AVE2026-05$1,326,0002,68452.7%
93 ORMONT RD2025-11$985,0002,70371.0%
72 HURON DR2026-04$2,300,0002,89148.0%
630 FAIRMOUNT AVE2025-01$1,373,6002,92058.5%
48 SUNSET DR2025-01$1,300,0002,77953.0%
70 HAMPTON RD2026-01$1,745,0003,14665.0%
70 HAMPTON RD2024-12$1,320,0003,14685.9%
81 HURON DR2026-04$1,710,0002,67562.6%

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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 →