The Fair Share Report

13 Codington Ln

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.

Step 1 · Market value

≈ $1,397,080

Likely range $1,118,457 – $1,458,497, from 12 comparable Warren sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

100.91%

The state's official measure of how far Warren assessments sit below market value — republished every October, applied town-wide. A $1,397,080 home should be assessed near $1,409,793.

Step 3 · Assessed value

$1,512,200

Set at the last town-wide revaluation and mostly frozen since. That's $102,407 above what the ratio math suggests (7.3%).

Step 4 · The tax rate — same for every Warren home

$1.752 per $100 assessed

$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%

This home's own bill implies $1.649 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$24,940/yr
Public schools$16,228
Somerset County$4,740
Town of Warren$3,972
Warren average$16,986

This home vs. every recent Warren sale · assessed ÷ market

Town median 92.8%
This home · 108.2%

77%141%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $1,794/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
6 PHYLLIS COURT2025-06$1,100,0003,73599.8%
6 STONEHEDGE COURT2026-04$2,485,0003,88381.6%
33 SKYLINE DRIVE2026-01$1,460,0003,40286.9%
20 WHISPERING WAY2025-04$1,720,0004,32193.3%
18 NORTH ROAD2026-03$995,0003,77199.0%
19 ROBIN ROAD2026-01$1,404,0004,29685.5%
20 WILLIAM PENN ROAD2026-05$1,300,0003,36379.2%
112 KING GEORGE ROAD2026-03$880,0003,316102.2%
61 CHRISTY DRIVE2026-02$1,290,0003,42988.8%
15 MUNDY LANE2026-05$1,550,0004,02482.3%
5 FERNWOOD ROAD2026-01$999,9992,58790.3%
22 OLD DUTCH ROAD2026-02$1,520,0004,16282.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →