The Fair Share Report
18 Third St
Warren, NJ 07083
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 $943,203 – $1,090,667, from 12 comparable Warren 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 Warren assessments sit below market value — republished every October, applied town-wide. A $997,680 home should be assessed near $1,006,759.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $336,059 below what the ratio math suggests (33.4%).
Step 4 · The tax rate — same for every Warren home
$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%
This home's own bill implies $1.648 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Warren sale · assessed ÷ market
56%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 16 FAIRFIELD AVENUE | 2025-02 | $850,000 | 2,286 | 96.6% |
| 31 JOHNS DR | 2025-06 | $1,195,000 | 2,887 | 95.4% |
| 6 PHYLLIS COURT | 2025-06 | $1,100,000 | 3,735 | 99.8% |
| 4 KALMAN COURT | 2025-02 | $1,075,000 | 2,304 | 96.3% |
| 4 SUGARWOOD WAY | 2025-03 | $1,175,000 | 2,788 | 104.6% |
| 4 HEMLOCK CIRCLE | 2026-02 | $1,400,000 | 3,154 | 89.4% |
| 102 IRIS COURT | 2026-05 | $675,000 | — | 103.8% |
| 165 JASMINE DRIVE | 2026-04 | $675,000 | — | 93.1% |
| 5 THORESEN ROAD | 2026-01 | $750,000 | 2,479 | 103.6% |
| 26 GATES AVENUE | 2026-01 | $760,000 | 1,897 | 84.7% |
| 221 MYRTLE ROAD | 2026-03 | $830,000 | — | 89.9% |
| 5 FERNWOOD ROAD | 2026-01 | $999,999 | 2,587 | 90.3% |
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