The Fair Share Report
5 Appleton Dr
Hamilton, NJ 08610
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 $289,493 – $414,871, 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 $396,476 home should be assessed near $243,119.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $72,719 below what the ratio math suggests (29.9%).
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
36%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 |
|---|---|---|---|---|
| 127 HOOVER AVE | 2025-03 | $425,000 | 1,105 | 42.8% |
| 20 MAGUIRE RD | 2025-03 | $420,000 | 1,136 | 47.0% |
| 5 DELOTTO DR | 2025-11 | $470,000 | 1,128 | 46.6% |
| 16 TAPPAN AVE | 2026-06 | $385,000 | 1,094 | 54.6% |
| 255 REGINA AVE | 2025-09 | $295,000 | 1,075 | 64.2% |
| 241 FENWOOD AVE | 2026-06 | $420,000 | 1,164 | 45.3% |
| 6 FORMAN DR | 2026-02 | $383,000 | 1,080 | 53.8% |
| 403 DANIELS AVE | 2025-01 | $375,000 | 1,135 | 53.1% |
| 50 ELMONT RD | 2025-10 | $402,000 | 1,120 | 55.5% |
| 1 PHEASANT LA | 2025-06 | $420,000 | 1,140 | 51.0% |
| 16 BENSON LA | 2025-07 | $394,900 | 1,136 | 46.2% |
| 6 BIRKSHIRE RD | 2025-07 | $375,000 | 1,044 | 48.8% |
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