The Fair Share Report
38 Apollo Dr
Hamilton, NJ 08620
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Hamilton's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $374,332 – $479,736, 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 $455,040 home should be assessed near $279,031.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,331 below what the ratio math suggests (18.4%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 21 KAY RD | 2025-12 | $455,000 | 1,404 | 50.6% |
| 28 JAMAICA WAY | 2025-07 | $480,000 | 1,484 | 55.7% |
| 3 SEDGWICK RD | 2025-07 | $380,000 | 1,440 | 73.1% |
| 15 BOLTON RD | 2025-09 | $515,000 | 1,380 | 47.9% |
| 20 GOEKE DR | 2025-03 | $250,000 | 1,450 | 106.5% |
| 33 ELTON AVE | 2026-03 | $340,000 | 1,404 | 61.7% |
| 179 SAYBROOK AVE | 2026-04 | $385,000 | 1,467 | 59.0% |
| 35 WESLEYAN DR | 2026-02 | $450,000 | 1,612 | 58.2% |
| 29 WESLEYAN DR | 2025-09 | $478,000 | 1,612 | 54.5% |
| 86 AUDREY PL | 2025-03 | $460,000 | 1,484 | 52.9% |
| 16 MAGNOLIA LA | 2025-07 | $460,000 | 1,484 | 47.0% |
| 30 ROCKROYAL RD | 2025-10 | $485,000 | 1,560 | 50.3% |
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