The Fair Share Report

4 Dan Rd

Hamilton, NJ 08620

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

This home's payments are about right

It sits inside Hamilton's normal range — market price changes haven't singled it out. No case for a tax appeal.

Step 1 · Market value

≈ $436,870

Likely range $338,638 – $481,696, 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 $436,870 home should be assessed near $267,889.

Step 3 · Assessed value

$227,600

Set at the last town-wide revaluation and mostly frozen since. That's $40,289 below what the ratio math suggests (15.0%).

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

$8,439/yr
Public schools$3,437
Mercer County$1,891
Town of Hamilton$3,111
Hamilton average$8,075

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

Town median 51.7%
This home · 52.1%

38%77%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
20 GOEKE DR2025-03$250,0001,450106.5%
21 KAY RD2025-12$455,0001,40450.6%
15 BOLTON RD2025-09$515,0001,38047.9%
3 SEDGWICK RD2025-07$380,0001,44073.1%
2203 KUSER RD2026-01$450,0001,50848.1%
34 SYCAMORE WAY2025-06$550,0001,47847.3%
19 TUDOR DR2025-05$479,0001,54451.7%
28 JAMAICA WAY2025-07$480,0001,48455.7%
38 SUNNYBRAE BLVD2025-11$475,0001,56045.7%
25 WALT WHITMAN WAY2025-11$459,9001,57855.6%
33 ELTON AVE2026-03$340,0001,40461.7%
7 ASHWOOD RD2025-06$455,0001,55155.4%

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