The Fair Share Report

17 Spring 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

≈ $1,115,362

Likely range $702,949 – $1,184,875, 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 $1,115,362 home should be assessed near $1,125,512.

Step 3 · Assessed value

$1,088,700

Set at the last town-wide revaluation and mostly frozen since. That's $36,812 below what the ratio math suggests (3.3%).

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 $1.647 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$17,933/yr
Public schools$11,669
Somerset County$3,409
Town of Warren$2,856
Warren average$16,986

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

Town median 92.8%
This home · 97.6%

77%160%

Paying about right

This home's ratio lands inside Warren's normal band. The drift hasn't singled it out — no case for a tax appeal.

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

AddressSoldPriceSq ftRatio
5 FERNWOOD ROAD2026-01$999,9992,58790.3%
80 OLD STIRLING ROAD2025-04$1,187,5003,07190.8%
1 FERNWOOD ROAD2026-01$750,0002,954116.5%
34 GREGORY LANE2025-05$990,0002,67294.0%
34 CHRISTY DRIVE2025-03$1,925,0003,446104.2%
23 CROWN DRIVE2025-03$755,0002,91487.0%
7 GROUSE ROAD2025-05$999,9992,73089.0%
112 KING GEORGE ROAD2026-03$880,0003,316102.2%
7 HORSESHOE ROAD2026-04$915,0002,80496.3%
20 WILLIAM PENN ROAD2026-05$1,300,0003,36379.2%
6 GENTRY DRIVE2026-03$980,0002,42886.6%
59 FERGUSON ROAD2026-03$850,0002,54484.0%

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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 →