The Fair Share Report
190 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 $525,000 – $627,193, from 12 comparable Hamilton sales in the past 18 months, at this home's 2,168 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 $564,583 home should be assessed near $346,202.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,398 above what the ratio math suggests (6.2%).
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%
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 |
|---|---|---|---|---|
| 8 OAKEN LA | 2025-09 | $630,000 | 2,236 | 48.4% |
| 15 STRATTON DR | 2025-07 | $599,999 | 2,074 | 50.9% |
| 504 PAXSON AVE | 2026-03 | $575,000 | 2,208 | 48.0% |
| 29 WALT WHITMAN WAY | 2025-12 | $525,000 | 2,168 | 56.8% |
| 6 MARKSBORO WAY | 2025-01 | $540,000 | 2,245 | 57.8% |
| 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% |
| 14 YORKSHIRE RD | 2025-09 | $605,000 | 2,408 | 50.8% |
| 19 STRASSBERG CT | 2025-07 | $656,500 | 2,266 | 54.7% |
| 51 BOLTON RD | 2026-05 | $553,000 | 2,245 | 53.1% |
| 20 WOLFPACK RD | 2025-06 | $640,000 | 2,221 | 53.1% |
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