The Fair Share Report
12 Pine St E
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 $471,871 – $545,044, 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 $517,099 home should be assessed near $475,421.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,221 below what the ratio math suggests (5.1%).
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
68%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 |
|---|---|---|---|---|
| 30 TANGLEWOOD DR | 2026-05 | $590,000 | 2,216 | 78.3% |
| 13 PHLOX TER | 2025-06 | $440,000 | 2,448 | 86.9% |
| 16 HEMLOCK DR | 2025-11 | $530,000 | 2,452 | 81.3% |
| 76 SAMMIS RD | 2025-01 | $550,000 | 2,449 | 81.0% |
| 10 CHRISTINE PL | 2026-03 | $435,000 | 2,700 | 90.3% |
| 9 HIGHVIEW DR | 2025-08 | $555,000 | 2,553 | 86.7% |
| 24 BIRCH DR | 2025-07 | $373,500 | 1,872 | 82.3% |
| 20 HIGHPOINT TER | 2026-03 | $424,000 | 1,972 | 76.0% |
| 107 VISTA ROAD | 2025-06 | $431,175 | 1,920 | 82.9% |
| 18 VALLEY DR W | 2026-03 | $549,900 | 2,309 | 86.4% |
| 11 CHRISTINE PL | 2025-08 | $399,000 | 2,000 | 90.2% |
| 2 ERIN LN | 2025-10 | $445,000 | 2,124 | 98.7% |
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