The Fair Share Report
1 Wallkill Dr
Vernon, NJ 07461
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 $309,014 – $393,811, from 12 comparable Vernon 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 Vernon assessments sit below market value — republished every October, applied town-wide. A $332,453 home should be assessed near $305,657.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,157 below what the ratio math suggests (21.6%).
Step 4 · The tax rate — same for every Vernon home
$1.368 Schools · 58% $0.438 County · 19% $0.539 Town · 23%
This home's own bill implies $2.241 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Vernon sale · assessed ÷ market
55%107%
Keep quiet and enjoy it
This home's assessment ratio sits below the Vernon pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 109 GRANDVIEW RD | 2026-06 | $333,000 | 934 | 90.1% |
| 204 WINETKA ROAD | 2026-01 | $341,000 | 1,096 | 85.0% |
| 43 PADDOCK AVE | 2025-12 | $240,000 | 873 | 91.7% |
| 11 KEWAUNEE RD | 2025-02 | $278,000 | 878 | 105.7% |
| 111 HILLSIDE ROAD | 2025-12 | $376,000 | 1,058 | 82.2% |
| 2100 LAKESIDE DR W | 2026-01 | $562,500 | 1,067 | 87.6% |
| 37 PADDOCK AVE | 2025-12 | $358,000 | 1,065 | 78.9% |
| 29 MUSCOTAH RD | 2025-06 | $340,000 | 1,024 | 83.8% |
| 5 MARTIN LN | 2025-06 | $27,500 | — | 117.8% |
| 105 BUSHWICK LANE | 2026-05 | $425,000 | 1,056 | 71.5% |
| 15 LAKE ST | 2025-03 | $399,000 | 1,014 | 80.0% |
| 48 LONACONING RD | 2025-11 | $320,000 | 1,160 | 86.7% |
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