The Fair Share Report
110 Iris Ct
Warren, NJ 07059
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 $775,305 – $1,128,753, from 12 comparable Warren 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 Warren assessments sit below market value — republished every October, applied town-wide. A $894,193 home should be assessed near $902,330.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $271,230 below what the ratio math suggests (30.1%).
Step 4 · The tax rate — same for every Warren home
$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%
Step 5 · The bill
This home vs. every recent Warren sale · assessed ÷ market
50%109%
Keep quiet and enjoy it
This home's assessment ratio sits below the Warren 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 |
|---|---|---|---|---|
| 34 GREGORY LANE | 2025-05 | $990,000 | 2,672 | 94.0% |
| 5 FERNWOOD ROAD | 2026-01 | $999,999 | 2,587 | 90.3% |
| 7 GROUSE ROAD | 2025-05 | $999,999 | 2,730 | 89.0% |
| 86 MOUNTAIN AVENUE | 2026-06 | $755,000 | 2,585 | 85.5% |
| 59 FERGUSON ROAD | 2026-03 | $850,000 | 2,544 | 84.0% |
| 4 SUGARWOOD WAY | 2025-03 | $1,175,000 | 2,788 | 104.6% |
| 15 STOCKADE ROAD | 2025-04 | $1,125,000 | 2,522 | 90.6% |
| 7 HORSESHOE ROAD | 2026-04 | $915,000 | 2,804 | 96.3% |
| 5 THORESEN ROAD | 2026-01 | $750,000 | 2,479 | 103.6% |
| 31 JOHNS DR | 2025-06 | $1,195,000 | 2,887 | 95.4% |
| 5 STONY BROOK DRIVE | 2025-03 | $821,500 | 2,441 | 95.1% |
| 6 GENTRY DRIVE | 2026-03 | $980,000 | 2,428 | 86.6% |
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