The Fair Share Report
5 Ely 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 $588,457 – $723,373, 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 $656,690 home should be assessed near $402,682.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,082 below what the ratio math suggests (10.0%).
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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 87 LIMEWOOD DR | 2026-03 | $590,000 | 2,407 | 57.6% |
| 31 WOLFPACK RD | 2026-05 | $747,500 | 2,250 | 43.8% |
| 31 WOLFPACK RD | 2025-06 | $675,000 | 2,250 | 48.5% |
| 26 ARROWWOOD DR | 2025-04 | $695,000 | 2,625 | 51.6% |
| 11 SANDTOWN TERR | 2025-12 | $635,000 | 2,547 | 58.0% |
| 85 TUDOR DR | 2025-11 | $689,000 | 2,495 | 54.9% |
| 61 TUDOR DR | 2025-07 | $605,000 | 2,266 | 58.8% |
| 421 PAXSON AVE | 2025-03 | $442,500 | 2,182 | 73.9% |
| 4503 CROSS-HAM SQ RD | 2026-01 | $625,000 | 2,238 | 56.2% |
| 62 NEW COLONY DR | 2025-12 | $735,000 | 2,264 | 47.8% |
| 79 WOLFPACK RD | 2025-06 | $631,000 | 2,247 | 49.9% |
| 16 GUILFORD LA | 2025-10 | $610,000 | 2,341 | 50.6% |
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