The Fair Share Report
159 Applegate 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 $689,524 – $772,067, from 12 comparable Hamilton sales in the past 18 months, at this home's 2,896 sq ft.
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 $766,750 home should be assessed near $470,171.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,771 below what the ratio math suggests (1.4%).
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%
A touch high — worth watching
This home's ratio sits above most of Hamilton, but doesn't clear NJ's legal appeal line (70.52%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 INNOCENZI DR | 2025-03 | $775,000 | 2,907 | 55.3% |
| 2 MICHAEL MCCORRISTIN RD | 2025-06 | $700,000 | 2,940 | 59.8% |
| 53 RAY DWIER DR | 2025-02 | $775,000 | 2,908 | 59.1% |
| 924 HUGHES DR | 2026-01 | $690,000 | 3,160 | 58.8% |
| 59 GREAT OAK RD | 2025-08 | $850,000 | 3,240 | 54.1% |
| 18 JOHN LENHARDT RD | 2025-05 | $780,000 | 2,940 | 51.1% |
| 3 INNOCENZI DR | 2025-07 | $600,000 | 3,240 | 73.2% |
| 14 BAGGALEY RD | 2025-11 | $640,000 | 2,784 | 60.9% |
| 31 PETER RAFFERTY DR | 2025-10 | $785,000 | 2,762 | 52.2% |
| 26 ARROWWOOD DR | 2025-04 | $695,000 | 2,625 | 51.6% |
| 3 AQUA TERR | 2025-11 | $880,000 | 2,746 | 46.4% |
| 10 WOLFPACK CT | 2026-01 | $805,000 | 2,756 | 59.3% |
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