The Fair Share Report
199 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 $563,854 – $730,213, 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 $670,617 home should be assessed near $411,222.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,622 below what the ratio math suggests (2.3%).
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 $3.419 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 |
|---|---|---|---|---|
| 28 WEDGE DR | 2026-06 | $622,000 | 2,706 | 51.0% |
| 411 FLOCK RD | 2025-10 | $570,000 | 2,664 | 57.4% |
| 10 WOLFPACK CT | 2026-01 | $805,000 | 2,756 | 59.3% |
| 11 SANDTOWN TERR | 2025-12 | $635,000 | 2,547 | 58.0% |
| 85 TUDOR DR | 2025-11 | $689,000 | 2,495 | 54.9% |
| 31 PETER RAFFERTY DR | 2025-10 | $785,000 | 2,762 | 52.2% |
| 14 BAGGALEY RD | 2025-11 | $640,000 | 2,784 | 60.9% |
| 28 COLD SPRING RD | 2025-04 | $485,000 | 2,496 | 65.0% |
| 26 ARROWWOOD DR | 2025-04 | $695,000 | 2,625 | 51.6% |
| 3534 KLOCKNER RD | 2026-01 | $515,000 | 2,853 | 50.5% |
| 12 APOLLO DR | 2025-06 | $640,000 | 2,592 | 55.5% |
| 11 CHINNICK AVE | 2025-11 | $460,000 | 2,538 | 57.0% |
Is this your house?
Run your own report →