The Fair Share Report
172 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 $666,204 – $766,647, 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 $719,121 home should be assessed near $440,965.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,665 below what the ratio math suggests (14.7%).
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 |
|---|---|---|---|---|
| 2 ERICA LYNNE WAY | 2025-07 | $715,023 | 2,443 | 53.9% |
| 20 ELKSHEAD TERR | 2025-07 | $655,000 | 2,420 | 59.0% |
| 60 JONI AVE | 2025-02 | $630,000 | 2,294 | 58.3% |
| 40 DOE DRIVE | 2025-12 | $800,000 | 2,302 | 50.4% |
| 21 VILLAGE DR | 2026-01 | $700,000 | 2,336 | 54.8% |
| 12 APOLLO DR | 2025-06 | $640,000 | 2,592 | 55.5% |
| 6 PANNICK DRIVE | 2025-06 | $635,000 | 2,145 | 50.2% |
| 11 MARJORIE WAY | 2025-10 | $750,000 | 2,428 | 52.8% |
| 111 ROBIN DR | 2025-11 | $625,000 | 2,264 | 52.4% |
| 3 VALLI COURT | 2026-05 | $745,000 | 2,376 | 49.7% |
| 85 TUDOR DR | 2025-11 | $689,000 | 2,495 | 54.9% |
| 62 NEW COLONY DR | 2025-12 | $735,000 | 2,264 | 47.8% |
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