The Fair Share Report
48 Second St
Hazlet, NJ 07734
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 $512,729 – $791,111, from 12 comparable Hazlet 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 Hazlet assessments sit below market value — republished every October, applied town-wide. A $664,456 home should be assessed near $594,489.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,211 above what the ratio math suggests (1.7%).
Step 4 · The tax rate — same for every Hazlet home
$1.274 Schools · 66% $0.222 County · 11% $0.436 Town · 23%
This home's own bill implies $1.776 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hazlet sale · assessed ÷ market
71%123%
Paying about right
This home's ratio lands inside Hazlet'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 |
|---|---|---|---|---|
| 16 GALWAY DRIVE | 2026-04 | $795,000 | 2,134 | 102.2% |
| 16 CRESCI BOULEVARD | 2025-05 | $503,000 | 2,201 | 141.4% |
| 9 TRALEE ROAD | 2026-03 | $642,000 | 2,106 | 100.3% |
| 12 CANNONBALL COURT | 2025-03 | $668,000 | 2,150 | 101.5% |
| 5 EVERGREEN STREET | 2025-05 | $600,000 | 2,015 | 96.0% |
| 13 CRESCI BOULEVARD | 2026-04 | $735,000 | 2,134 | 86.6% |
| 3 BELFAST AVENUE | 2025-04 | $685,000 | 2,134 | 96.6% |
| 54 CRESCI BOULEVARD | 2026-05 | $837,000 | 2,002 | 72.0% |
| 20 GALWAY DRIVE | 2026-04 | $665,000 | 1,976 | 101.6% |
| 4 GALWAY DRIVE | 2025-05 | $720,000 | 1,976 | 94.3% |
| 560 BEERS STREET | 2025-03 | $495,000 | 2,136 | 145.4% |
| 4 KNOLL TERRACE | 2025-05 | $575,000 | 2,218 | 102.6% |
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