The Fair Share Report

3475 E State St

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

≈ $485,667

Likely range $402,346 – $548,571, from 12 comparable Hamilton sales in the past 18 months, at this home's 1,984 sq ft.

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 $485,667 home should be assessed near $297,811.

Step 3 · Assessed value

$258,400

Set at the last town-wide revaluation and mostly frozen since. That's $39,411 below what the ratio math suggests (13.2%).

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

$9,581/yr
Public schools$3,902
Mercer County$2,147
Town of Hamilton$3,532
Hamilton average$8,075

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

Town median 51.7%
This home · 53.2%

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)

AddressSoldPriceSq ftRatio
583 MER-EDINBURG RD2025-04$391,0002,13693.1%
51 N CREST AVE2026-04$465,0002,08974.3%
254 SLOAN AVE2026-05$325,0001,95157.5%
1606 MCGALLIARD AVE2025-09$505,0001,96251.0%
4 SCULLIN DR2025-09$480,0001,73655.7%
421 PAXSON AVE2025-03$442,5002,18273.9%
18 MONROE DR2026-03$477,5002,31268.8%
158 COLEMAN RD2026-01$580,0001,90451.7%
111 NORCROSS CIR2026-01$534,5701,82449.3%
235 PAXSON AVE2025-09$590,0001,76451.0%
24 JARVIE DR2025-10$550,0002,31052.0%
942 HUGHES DR2025-12$299,9002,06581.8%

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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 →