The Fair Share Report
8 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 $409,874 – $617,324, 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 $589,439 home should be assessed near $527,371.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,571 below what the ratio math suggests (8.8%).
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 $1.639 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
72%123%
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 |
|---|---|---|---|---|
| 13 DUTCH LANE | 2026-02 | $525,000 | 1,536 | 68.6% |
| 570 LINE ROAD | 2026-01 | $575,000 | 1,421 | 99.1% |
| 9 DUTCH LANE | 2025-01 | $425,000 | 1,704 | 102.3% |
| 10 PACIFIC TERRACE | 2025-04 | $445,000 | 1,497 | 118.4% |
| 17 DUBLIN LANE | 2026-05 | $705,000 | 1,540 | 87.5% |
| 16 DUTCH LANE | 2025-05 | $435,000 | 1,728 | 93.9% |
| 5 BARRIER DRIVE | 2026-06 | $640,000 | 1,476 | 90.8% |
| 12 FAIRVIEW LANE | 2026-05 | $620,000 | 1,491 | 92.9% |
| 7 MEADOW COURT | 2026-04 | $731,000 | 1,828 | 81.9% |
| 6 BROOKLAWN DRIVE | 2025-01 | $560,000 | 1,595 | 101.4% |
| 8 BROOKLAWN DRIVE | 2025-04 | $547,900 | 1,348 | 100.8% |
| 21 HEMLOCK STREET | 2026-01 | $615,000 | 1,531 | 100.3% |
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