The Fair Share Report
63 Third Ave
Hamilton, NJ 07731
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 $329,105 – $470,207, 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 $398,922 home should be assessed near $244,619.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,519 below what the ratio math suggests (18.6%).
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
37%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 |
|---|---|---|---|---|
| 1 ZELLEY AVE | 2025-07 | $520,000 | 1,456 | 48.9% |
| 732 MOWAT CIRCLE | 2025-10 | $325,000 | 1,414 | 50.9% |
| 334 MOWAT CIRCLE | 2025-06 | $335,000 | 1,414 | 49.3% |
| 2 MEADOWLARK DR | 2026-01 | $300,000 | 1,468 | 68.2% |
| 2028 S OLDEN AVE | 2026-01 | $485,000 | 1,566 | 47.1% |
| 395 BUNTING AVE | 2026-04 | $307,000 | 1,613 | 74.3% |
| 621 MOWAT CIRCLE | 2025-08 | $280,000 | 1,280 | 55.4% |
| 125 EDWIN AVE | 2026-02 | $530,000 | 1,836 | 43.1% |
| 414 MOWAT CIRCLE | 2026-06 | $340,000 | 1,268 | 45.3% |
| 2203 KUSER RD | 2026-01 | $450,000 | 1,508 | 48.1% |
| 22 HAMILTON LAKES DR | 2025-06 | $632,095 | 1,795 | 42.5% |
| 14 LOCUST HILL BLVD | 2025-11 | $399,999 | 1,485 | 56.3% |
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