The Fair Share Report
14 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 $206,952 – $300,000, from 12 comparable Vernon sales in the past 18 months, at this home's 720 sq ft.
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 $235,829 home should be assessed near $216,821.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,279 above what the ratio math suggests (21.3%).
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
68%133%
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 |
|---|---|---|---|---|
| 218 WAWAYANDA ROAD | 2025-07 | $285,000 | 760 | 85.5% |
| 516 UPPER HIGHLAND LK DR | 2026-05 | $310,000 | 728 | 84.7% |
| 9 JOAN LN | 2025-01 | $345,000 | 828 | 83.4% |
| 337 E LAKESHORE DR | 2025-12 | $600,000 | 791 | 69.9% |
| 2217 LAKESIDE DR W | 2025-05 | $315,000 | 700 | 82.1% |
| 20 GLENWOOD LN | 2026-06 | $339,000 | 850 | 68.9% |
| 238 POHATCONG ROAD | 2025-01 | $287,500 | 735 | 91.1% |
| 2 JACKSON HOLE UNIT 8 | 2025-09 | $200,000 | 691 | 77.7% |
| 3 DEER VALLEY LN UNIT 8 | 2026-05 | $185,000 | 734 | 106.5% |
| 1 SUNDANCE CT UNIT 1 | 2026-06 | $165,000 | 748 | 118.7% |
| 3 BEAVER CREEK DR UNIT 1 | 2026-05 | $215,000 | 748 | 92.4% |
| 1 SUNDANCE CT UNIT 7 | 2026-01 | $220,000 | 748 | 90.7% |
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