The Fair Share Report
40 Third Ave
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $279,397 – $428,127, from 12 comparable Hamilton sales in the past 18 months, at this home's 1,468 sq ft.
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 $364,232 home should be assessed near $223,347.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,953 above what the ratio math suggests (0.9%).
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%86%
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 |
|---|---|---|---|---|
| 184 GRAND AVE | 2025-03 | $329,000 | 1,326 | 41.7% |
| 2526 LIBERTY ST | 2025-06 | $360,000 | 1,400 | 48.7% |
| 56 HUNTER AVE | 2025-09 | $445,000 | 1,634 | 45.5% |
| 3346 NOTTINGHAM WAY | 2026-02 | $195,000 | 1,332 | 85.4% |
| 223 E FRANKLIN ST | 2025-03 | $285,000 | 1,685 | 52.7% |
| 1782 EXTON AVE | 2025-12 | $450,000 | 1,543 | 49.6% |
| 168 EDMUND ST | 2025-05 | $375,000 | 1,483 | 50.4% |
| 205 MAIN ST | 2025-04 | $355,000 | 1,622 | 62.5% |
| 119 CHINNICK AVE | 2025-12 | $485,000 | 1,512 | 35.2% |
| 659 HUNT AVE | 2025-07 | $365,000 | 1,640 | 59.1% |
| 69 CORSON AVE | 2026-04 | $442,000 | 1,404 | 47.2% |
| 564 MILLER AVE | 2026-06 | $360,000 | 1,533 | 58.6% |
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