The Fair Share Report

18 Mitchell Ave

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

≈ $809,082

Likely range $657,609 – $895,806, 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 $809,082 home should be assessed near $816,445.

Step 3 · Assessed value

$560,500

Set at the last town-wide revaluation and mostly frozen since. That's $255,945 below what the ratio math suggests (31.3%).

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

$9,245/yr
Public schools$6,016
Somerset County$1,757
Town of Warren$1,472
Warren average$16,986

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

Town median 92.8%
This home · 69.3%

57%109%

Keep quiet and enjoy it

This home's assessment ratio sits below the Warren pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

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

AddressSoldPriceSq ftRatio
26 GATES AVENUE2026-01$760,0001,89784.7%
14 STILES ROAD2026-02$775,0002,09292.2%
22 LIVINGSTON AVENUE2026-02$520,0002,13586.1%
91 HILLCREST ROAD2026-03$947,0001,85294.8%
4 KALMAN COURT2025-02$1,075,0002,30496.3%
5 THORESEN ROAD2026-01$750,0002,479103.6%
16 FAIRFIELD AVENUE2025-02$850,0002,28696.6%
15 SPRING LANE2026-05$680,0002,140103.8%
80 REINMAN ROAD2025-01$527,0001,37098.3%
16 UPPER WARREN WAY2025-01$815,0002,303103.5%
3 EDMUND DRIVE2025-06$850,0002,28094.1%
10 OLD FARM ROAD2026-05$732,0002,228107.1%

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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 →