The Fair Share Report
17 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 $230,356 – $382,612, 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 $313,429 home should be assessed near $288,167.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,667 below what the ratio math suggests (6.8%).
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
65%122%
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 |
|---|---|---|---|---|
| 20 GLENWOOD LN | 2026-06 | $339,000 | 850 | 68.9% |
| 5 EMERALD DR | 2025-08 | $400,000 | 840 | 95.7% |
| 9 JOAN LN | 2025-01 | $345,000 | 828 | 83.4% |
| 24 PEACH TREE ROAD | 2026-01 | $460,000 | 954 | 66.7% |
| 161 BREAKNECK RD | 2025-09 | $400,000 | 895 | 68.2% |
| 71 PANORAMA DR | 2026-04 | $385,000 | 960 | 88.3% |
| 14 MOUNTAIN TOP CT | 2025-09 | $380,000 | 960 | 85.3% |
| 13 VILLAGE WAY, UNIT 2 | 2026-06 | $265,000 | 900 | 69.9% |
| 15 LK WALLKILL RD | 2025-11 | $385,000 | 1,092 | 75.3% |
| 1 STONEWALL DR | 2026-04 | $330,000 | 960 | 83.8% |
| 2 STOWE CT UNIT 6 | 2025-10 | $245,000 | 889 | 90.8% |
| 6 BRANDYWINE DR UNIT 8 | 2025-10 | $214,000 | 889 | 92.5% |
Is this your house?
Run your own report →