The Fair Share Report
2 Apollo Dr
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 $299,950 – $406,178, 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 $333,877 home should be assessed near $306,967.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,033 above what the ratio math suggests (29.3%).
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%138%
A touch high — worth watching
This home's ratio sits above most of Vernon, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 SNOWMASS CT UNIT 1 | 2025-04 | $325,000 | 1,794 | 90.1% |
| 20 AUGUSTA DR UNIT 1 | 2025-12 | $290,000 | 1,820 | 100.0% |
| 8 SUNRISE DR UNIT 7 | 2025-11 | $290,000 | 1,820 | 99.1% |
| 12 AUGUSTA DR UNIT 1 | 2025-09 | $290,000 | 1,820 | 97.4% |
| 6 AUGUSTA DR UNIT 5 | 2025-04 | $327,000 | 1,820 | 82.8% |
| 1 POINT O'WOODS TER U 1 | 2025-04 | $330,000 | 1,820 | 86.7% |
| 3 SANDYHILL ROAD | 2025-09 | $394,500 | 1,848 | 83.7% |
| 150 HIGHLAND LAKES ROAD | 2025-12 | $400,000 | 1,854 | 83.2% |
| 46 HUMMINGBIRD TRL | 2025-09 | $435,000 | 1,880 | 71.4% |
| 1 HILTON HEAD DR UNIT 5 | 2025-05 | $330,000 | 1,988 | 89.7% |
| 12 FOX LEDGE DR | 2025-07 | $410,000 | 1,950 | 85.2% |
| 21 KAREN RD | 2026-01 | $386,000 | 1,888 | 91.5% |
Is this your house?
Run your own report →