The Fair Share Report
76 Compton Ave
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 $431,220 – $595,186, 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 $535,881 home should be assessed near $479,453.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,153 below what the ratio math suggests (12.8%).
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 $1.717 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
65%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 |
|---|---|---|---|---|
| 4 CLARK DRIVE | 2026-03 | $490,000 | 1,222 | 112.1% |
| 42 PARK VIEW DRIVE | 2026-05 | $565,000 | 1,228 | 102.4% |
| 36 DARTMOUTH DRIVE | 2026-06 | $675,000 | 1,320 | 82.4% |
| 267 MIDDLE ROAD | 2025-05 | $526,000 | 1,176 | 94.7% |
| 78 LIBERTY PLACE | 2026-03 | $475,000 | 1,101 | 88.0% |
| 18 CEDAR AVENUE | 2026-05 | $562,500 | 1,289 | 93.0% |
| 1 ROSE TERRACE | 2026-03 | $475,000 | 1,324 | 97.1% |
| 2024 FLORENCE AVENUE | 2026-05 | $645,000 | 1,352 | 82.5% |
| 4 LAFAYETTE DRIVE | 2026-01 | $612,000 | 1,380 | 85.5% |
| 3 DUKE LANE | 2026-04 | $590,000 | 1,100 | 95.2% |
| 23 CORNELL DRIVE | 2026-03 | $710,000 | 1,380 | 86.0% |
| 19 WOODY TERRACE | 2026-02 | $490,000 | 1,344 | 94.1% |
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