The Fair Share Report
8 Jericho Dr
Hamilton, NJ 08690
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 $369,256 – $496,570, 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 $446,468 home should be assessed near $273,774.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,074 below what the ratio math suggests (17.6%).
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
38%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 |
|---|---|---|---|---|
| 3 SEDGWICK RD | 2025-07 | $380,000 | 1,440 | 73.1% |
| 728 HUGHES DR | 2025-11 | $450,000 | 1,322 | 51.0% |
| 4 IMPERIAL DR | 2026-04 | $459,900 | 1,432 | 51.6% |
| 265 MER-EDINBURG RD | 2025-04 | $371,000 | 1,573 | 61.2% |
| 520 VETTERLEIN AVE | 2025-12 | $390,000 | 1,592 | 50.5% |
| 424 PITMAN AVE | 2025-07 | $500,000 | 1,267 | 44.7% |
| 504 LEUCKEL AVE | 2026-06 | $440,000 | 1,424 | 45.3% |
| 756 YDV-ALLENTOWN RD | 2025-07 | $415,000 | 1,560 | 64.3% |
| 22 WHITE STAG DR | 2025-09 | $487,575 | 1,296 | 52.8% |
| 7 SARANAC RD | 2025-12 | $380,000 | 1,188 | 53.0% |
| 6 VILLAGE DR | 2025-03 | $435,000 | 1,176 | 49.8% |
| 4 SCULLIN DR | 2025-09 | $480,000 | 1,736 | 55.7% |
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