The Fair Share Report
4 Ithaca Ct
Hamilton, NJ 08690
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 $308,725 – $458,352, 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 $422,137 home should be assessed near $258,854.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,954 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
38%78%
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 |
|---|---|---|---|---|
| 4 FORMAN DR | 2025-12 | $250,000 | 1,452 | 92.4% |
| 26 KENWOOD TERR | 2025-08 | $361,000 | 1,433 | 55.9% |
| 551 HOBART AVE | 2026-05 | $335,000 | 1,479 | 55.7% |
| 2007 KINTER AVE | 2025-12 | $280,000 | 1,428 | 66.2% |
| 16 MAGNOLIA LA | 2025-07 | $460,000 | 1,484 | 47.0% |
| 179 SAYBROOK AVE | 2026-04 | $385,000 | 1,467 | 59.0% |
| 86 AUDREY PL | 2025-03 | $460,000 | 1,484 | 52.9% |
| 181 BRINER LA | 2025-08 | $330,000 | 1,495 | 80.1% |
| 226 SAYBROOK AVE | 2025-11 | $435,000 | 1,488 | 55.2% |
| 17 MAGUIRE RD | 2026-05 | $490,000 | 1,380 | 48.4% |
| 2911 MER-QUAKER BR RD | 2026-06 | $455,000 | 1,452 | 46.2% |
| 14 MIRY BROOK RD | 2026-03 | $480,000 | 1,480 | 50.2% |
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