The Fair Share Report
188 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 $538,145 – $669,807, 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 $598,970 home should be assessed near $367,288.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $712 above what the ratio math suggests (0.2%).
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 |
|---|---|---|---|---|
| 14 YORKSHIRE RD | 2025-09 | $605,000 | 2,408 | 50.8% |
| 641 YDV-HAM SQ RD | 2026-01 | $412,000 | 2,256 | 59.9% |
| 641 YDV-HAM SQ RD | 2025-10 | $200,000 | 2,256 | 123.3% |
| 5 MISTY PINE LA | 2025-08 | $600,000 | 2,424 | 50.1% |
| 28 COLD SPRING RD | 2025-04 | $485,000 | 2,496 | 65.0% |
| 61 TUDOR DR | 2025-07 | $605,000 | 2,266 | 58.8% |
| 16 GUILFORD LA | 2025-10 | $610,000 | 2,341 | 50.6% |
| 20 WOLFPACK RD | 2025-06 | $640,000 | 2,221 | 53.1% |
| 85 TUDOR DR | 2025-11 | $689,000 | 2,495 | 54.9% |
| 8 OAKEN LA | 2025-09 | $630,000 | 2,236 | 48.4% |
| 28 WEDGE DR | 2026-06 | $622,000 | 2,706 | 51.0% |
| 11 SANDTOWN TERR | 2025-12 | $635,000 | 2,547 | 58.0% |
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