The Fair Share Report

4 Sutton Dr

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.

Step 1 · Market value

≈ $370,496

Likely range $294,039 – $383,990, 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 $370,496 home should be assessed near $227,188.

Step 3 · Assessed value

$173,400

Set at the last town-wide revaluation and mostly frozen since. That's $53,788 below what the ratio math suggests (23.7%).

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%

This home's own bill implies $3.564 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$6,180/yr
Public schools$2,517
Mercer County$1,385
Town of Hamilton$2,278
Hamilton average$8,075

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

Town median 51.7%
This home · 46.8%

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
101 ELTON AVE2025-08$485,0001,06643.4%
78 CLAYTON AVE2026-04$326,0001,07553.2%
78 CLAYTON AVE2026-03$235,0001,07573.8%
112 ELTON AVE2025-04$340,0001,06456.1%
47 GERARD RD2025-05$300,0001,03060.0%
25 COLERIDGE AVE2026-01$361,5001,03051.5%
313 MONTANA AVE2025-01$376,0001,03651.0%
6 BIRKSHIRE RD2025-07$375,0001,04448.8%
255 REGINA AVE2025-09$295,0001,07564.2%
6 FORMAN DR2026-02$383,0001,08053.8%
50 ELMONT RD2025-10$402,0001,12055.5%
26 FALMOUTH RD2025-09$355,0001,00850.7%

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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 →