The Fair Share Report
194 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 $474,366 – $606,899, 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 $535,915 home should be assessed near $328,623.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,723 below what the ratio math suggests (1.7%).
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 |
|---|---|---|---|---|
| 15 STRATTON DR | 2025-07 | $599,999 | 2,074 | 50.9% |
| 942 HUGHES DR | 2025-12 | $299,900 | 2,065 | 81.8% |
| 3 GALLAVAN WAY | 2025-07 | $625,000 | 1,956 | 45.7% |
| 10 CARL SANDBURG DR | 2026-01 | $545,000 | 2,028 | 53.3% |
| 681 SHADY LA | 2025-07 | $650,000 | 1,923 | 43.2% |
| 8 OAKEN LA | 2025-09 | $630,000 | 2,236 | 48.4% |
| 21 STRATTON DR | 2025-09 | $545,000 | 2,074 | 56.3% |
| 19 MARTIN LA | 2025-10 | $600,000 | 2,094 | 54.0% |
| 24 VETTERLEIN AVE | 2025-11 | $470,000 | 1,920 | 53.7% |
| 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% |
| 35 CARL SANDBURG DR | 2026-05 | $520,000 | 2,120 | 50.8% |
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