The Fair Share Report
508 Jacobs St
Hammonton, NJ 08037
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 $257,155 – $411,349, from 12 comparable Hammonton 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 Hammonton assessments sit below market value — republished every October, applied town-wide. A $356,045 home should be assessed near $246,597.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,497 below what the ratio math suggests (13.6%).
Step 4 · The tax rate — same for every Hammonton home
$1.451 Schools · 52% $0.570 County · 20% $0.796 Town · 28%
Step 5 · The bill
This home vs. every recent Hammonton sale · assessed ÷ market
45%108%
Paying about right
This home's ratio lands inside Hammonton'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 |
|---|---|---|---|---|
| 644 N EGG HARBOR RD | 2025-01 | $265,000 | 1,664 | 102.8% |
| 60 BROADWAY | 2025-02 | $440,000 | 2,306 | 62.8% |
| 421 W PLEASANT ST | 2025-12 | $260,000 | 1,728 | 60.4% |
| 421 W PLEASANT ST | 2025-12 | $150,000 | 1,728 | 104.7% |
| 601 JACOBS ST AT MONROE | 2025-10 | $385,000 | 1,800 | 56.5% |
| 212 W PLEASANT ST | 2025-07 | $339,000 | 1,581 | 49.1% |
| 744 4TH ST | 2025-02 | $320,000 | 2,140 | 124.8% |
| 667 GRAPE ST | 2026-03 | $200,000 | 2,084 | 92.9% |
| 338 E PLEASANT ST | 2025-04 | $317,000 | 1,836 | 49.5% |
| 60 CENTENNIAL DR | 2025-09 | $389,000 | 1,876 | 59.4% |
| 517 N 3RD ST | 2026-02 | $120,000 | 1,530 | 129.1% |
| 83 LAKESHORE DR | 2026-01 | $380,000 | 1,496 | 41.1% |
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