The Fair Share Report
11 Rustic Rd
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 $309,987 – $398,381, 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 $368,917 home should be assessed near $339,182.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,682 below what the ratio math suggests (19.1%).
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
63%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 |
|---|---|---|---|---|
| 24 PEACH TREE ROAD | 2026-01 | $460,000 | 954 | 66.7% |
| 71 PANORAMA DR | 2026-04 | $385,000 | 960 | 88.3% |
| 14 MOUNTAIN TOP CT | 2025-09 | $380,000 | 960 | 85.3% |
| 1 STONEWALL DR | 2026-04 | $330,000 | 960 | 83.8% |
| 3 HIGHPOINT TER | 2025-02 | $416,000 | 1,073 | 76.5% |
| 26 CEDAR RIDGE DR | 2026-04 | $405,000 | 1,080 | 86.0% |
| 5 EMERALD DR | 2025-08 | $400,000 | 840 | 95.7% |
| 9 JOAN LN | 2025-01 | $345,000 | 828 | 83.4% |
| 16 WOODLAND DR | 2026-06 | $345,000 | 1,008 | 96.6% |
| 13 VILLAGE WAY, UNIT 2 | 2026-06 | $265,000 | 900 | 69.9% |
| 15 LK WALLKILL RD | 2025-11 | $385,000 | 1,092 | 75.3% |
| 8 MONROE AVE | 2025-07 | $415,000 | 960 | 80.8% |
Is this your house?
Run your own report →