The Fair Share Report
192 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 $498,958 – $602,616, 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 $548,958 home should be assessed near $336,621.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,021 below what the ratio math suggests (3.0%).
Step 4 · The tax rate — same for every Hamilton home
$1.510 Schools · 41% $0.831 County · 22% $1.367 Town · 37%
This home's own bill implies $3.659 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 15 STRATTON DR | 2025-07 | $599,999 | 2,074 | 50.9% |
| 29 WALT WHITMAN WAY | 2025-12 | $525,000 | 2,168 | 56.8% |
| 942 HUGHES DR | 2025-12 | $299,900 | 2,065 | 81.8% |
| 8 OAKEN LA | 2025-09 | $630,000 | 2,236 | 48.4% |
| 3 GALLAVAN WAY | 2025-07 | $625,000 | 1,956 | 45.7% |
| 504 PAXSON AVE | 2026-03 | $575,000 | 2,208 | 48.0% |
| 257 EVERGREEN AVE | 2025-08 | $505,000 | 2,080 | 48.4% |
| 31 COLD SPRING RD | 2026-03 | $520,000 | 1,994 | 53.9% |
| 681 SHADY LA | 2025-07 | $650,000 | 1,923 | 43.2% |
| 6 MARKSBORO WAY | 2025-01 | $540,000 | 2,245 | 57.8% |
| 1752 ORCHARD AVE | 2025-06 | $555,000 | 2,152 | 50.4% |
| 25 BRAVER DR | 2026-06 | $430,000 | 1,823 | 55.7% |
Is this your house?
Run your own report →