The Fair Share Report
101 Echo Ln
Vernon, NJ 07422
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 $320,322 – $456,051, 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 $386,269 home should be assessed near $355,136.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,736 below what the ratio math suggests (10.3%).
Step 4 · The tax rate — same for every Vernon home
$1.368 Schools · 58% $0.438 County · 19% $0.539 Town · 23%
Step 5 · The bill
This home vs. every recent Vernon sale · assessed ÷ market
64%107%
Paying about right
This home's ratio lands inside Vernon'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 |
|---|---|---|---|---|
| 4 BURGHER RD | 2025-09 | $319,999 | 1,232 | 87.9% |
| 222 ALTURAS RD | 2025-09 | $352,500 | 1,240 | 84.5% |
| 53 LONACONING RD | 2025-10 | $313,000 | 1,040 | 85.6% |
| 9 BUTTERNUT ROAD | 2025-08 | $413,000 | 1,305 | 80.1% |
| 10 WOODSIDE DR | 2025-02 | $245,000 | 1,296 | 101.9% |
| 527 TAHAMA RD | 2025-05 | $440,000 | 1,272 | 74.6% |
| 310 MIDWAY DR | 2025-04 | $350,000 | 1,158 | 81.5% |
| 15 LAKE ST | 2025-03 | $399,000 | 1,014 | 80.0% |
| 513 UPPER HIGHLAND LK DR | 2025-08 | $560,000 | 1,324 | 68.7% |
| 248 WACONIA ROAD | 2025-05 | $450,000 | 1,296 | 79.9% |
| 111 HILLSIDE ROAD | 2025-12 | $376,000 | 1,058 | 82.2% |
| 16 VILLAGE WAY, UNIT 1 | 2025-03 | $230,000 | 1,268 | 85.7% |
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