The Fair Share Report

56 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.

Step 1 · Market value

≈ $258,660

Likely range $188,889 – $290,244, from 12 comparable Hamilton sales in the past 18 months, at this home's 680 sq ft.

Step 2 · The Director's Ratio

61.32%

The state's official measure of how far Hamilton assessments sit below market value — republished every October, applied town-wide. A $258,660 home should be assessed near $158,610.

Step 3 · Assessed value

$150,500

Set at the last town-wide revaluation and mostly frozen since. That's $8,110 below what the ratio math suggests (5.1%).

Step 4 · The tax rate — same for every Hamilton home

$3.708 per $100 assessed

$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%

Step 5 · The bill

$5,581/yr
Public schools$2,273
Mercer County$1,251
Town of Hamilton$2,057
Hamilton average$8,075

This home vs. every recent Hamilton sale · assessed ÷ market

Town median 51.7%
This home · 58.2%

38%85%

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)

AddressSoldPriceSq ftRatio
61 COONEY AVE2026-05$280,00065644.0%
201 TIPTON ST2025-06$320,00067630.1%
2081 S OLDEN AVE2025-08$287,00070055.2%
2075 S OLDEN AVE2025-07$370,00070046.1%
211 ELEANOR AVE2025-04$280,10072046.0%
17 ABBEY PL2025-02$200,00072068.9%
144 STEWARD ST2025-06$318,00083646.6%
26 STERLING AVE2026-02$130,000720113.8%
1782 ORCHARD AVE2025-11$300,00074854.3%
58 ARBOR AVE2025-04$287,50084849.3%
2416 WH-MER RD2025-07$150,000768100.5%
77 ATKINS AVE2025-09$200,00087462.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →