The Fair Share Report
5 Patrick Way
Hamilton, NJ 08620
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 $366,421 – $473,418, 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 $413,805 home should be assessed near $253,745.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,045 below what the ratio math suggests (22.5%).
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
36%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 |
|---|---|---|---|---|
| 12 ARGONNE AVE | 2025-01 | $430,000 | 1,297 | 51.3% |
| 23 DARK LEAF DR | 2026-01 | $390,000 | 1,176 | 56.9% |
| 38 ALBEMARLE RD | 2025-05 | $465,000 | 1,166 | 50.2% |
| 894 ESTATES BLVD | 2025-04 | $425,000 | 1,211 | 58.7% |
| 20 BRANDYWINE WAY | 2025-10 | $475,000 | 1,193 | 45.4% |
| 1027 ESTATES BLVD | 2026-04 | $440,000 | 1,166 | 52.0% |
| 20 DODGE DR | 2025-10 | $372,000 | 1,254 | 48.4% |
| 23 ALTON RD | 2025-01 | $430,000 | 1,261 | 55.4% |
| 856 ESTATES BLVD | 2025-12 | $595,000 | 1,211 | 39.4% |
| 21 ROLLING LA | 2025-09 | $300,000 | 1,295 | 78.2% |
| 26 CORAL DR | 2026-04 | $395,000 | 1,283 | 61.3% |
| 9 JAMES PL | 2025-06 | $375,000 | 1,232 | 61.4% |
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