The Fair Share Report
175 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 $714,402 – $849,703, 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 $778,565 home should be assessed near $477,416.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,784 above 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%
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 |
|---|---|---|---|---|
| 59 GREAT OAK RD | 2025-08 | $850,000 | 3,240 | 54.1% |
| 420 EXTON-ALLENTOWN RD | 2026-01 | $925,000 | 3,533 | 46.4% |
| 1 HIDDEN HOLLOW DRIVE | 2025-04 | $675,000 | 2,770 | 64.9% |
| 828 YDV-ALLENTOWN RD | 2025-05 | $715,000 | 2,266 | 47.7% |
| 3 AQUA TERR | 2025-11 | $880,000 | 2,746 | 46.4% |
| 264 EDGEBROOK RD | 2025-12 | $850,000 | 3,194 | 43.2% |
| 924 HUGHES DR | 2026-01 | $690,000 | 3,160 | 58.8% |
| 3 INNOCENZI DR | 2025-07 | $600,000 | 3,240 | 73.2% |
| 2 MICHAEL MCCORRISTIN RD | 2025-06 | $700,000 | 2,940 | 59.8% |
| 40 TAR HEELS RD EAST | 2025-11 | $785,000 | 3,367 | 55.0% |
| 51 MONTE CARLO DR | 2026-06 | $730,051 | 3,218 | 52.0% |
| 15 SANIBEL LN | 2025-09 | $730,000 | 3,218 | 51.6% |
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