The Fair Share Report
72 Third St
Hazlet, NJ 07734
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 $494,857 – $642,577, from 12 comparable Hazlet 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 Hazlet assessments sit below market value — republished every October, applied town-wide. A $604,513 home should be assessed near $540,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,158 below what the ratio math suggests (5.8%).
Step 4 · The tax rate — same for every Hazlet home
$1.274 Schools · 66% $0.222 County · 11% $0.436 Town · 23%
This home's own bill implies $1.750 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Hazlet sale · assessed ÷ market
74%117%
Paying about right
This home's ratio lands inside Hazlet'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 |
|---|---|---|---|---|
| 7 KAYLEN PLACE | 2026-04 | $740,000 | 1,773 | 118.0% |
| 21 OREGON AVENUE | 2026-01 | $620,000 | 1,649 | 103.7% |
| 116 HUDSON AVENUE | 2026-06 | $540,000 | 1,663 | 84.5% |
| 10 CEDAR AVENUE | 2025-04 | $685,000 | 1,697 | 85.8% |
| 34 ELEVENTH STREET | 2025-06 | $440,000 | 1,491 | 98.3% |
| 21 JOHNSON TERRACE | 2026-04 | $575,000 | 1,522 | 86.2% |
| 20 CORNELL DRIVE | 2026-04 | $662,000 | 1,762 | 97.0% |
| 59 HOLLY AVENUE | 2026-06 | $562,000 | 1,504 | 88.9% |
| 39 LIBERTY PLACE | 2025-02 | $417,000 | 1,372 | 107.9% |
| 6 LILLIAN DRIVE | 2025-04 | $585,000 | 1,646 | 104.3% |
| 36 FIELDCREST WAY | 2025-02 | $430,000 | 1,680 | 110.8% |
| 21 HEMLOCK STREET | 2026-01 | $615,000 | 1,531 | 100.3% |
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