The Fair Share Report
64 New St
Hampton, NJ 08827
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Hampton's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $252,000 – $460,000, from 5 comparable Hampton sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Hampton assessments sit below market value — republished every October, applied town-wide. A $390,000 home should be assessed near $264,420.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,320 below what the ratio math suggests (26.2%).
Step 4 · The tax rate — same for every Hampton home
$2.762 Schools · 69% $0.424 County · 11% $0.829 Town · 21%
This home's own bill implies $3.833 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hampton sale · assessed ÷ market
37%96%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 55 WELLS AVENUE | 2025-01 | $460,000 | 1,632 | 68.7% |
| 18 W GRAND ST/SKILLMAN ST | 2025-05 | $415,000 | 1,440 | 48.7% |
| 12 E MAIN STREET | 2026-04 | $252,000 | 1,224 | 68.9% |
| 16 E MAIN STREET | 2025-09 | $320,000 | 2,401 | 82.6% |
| 16 FOSS AVE | 2025-01 | $390,000 | 880 | 57.0% |
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