The Fair Share Report
2 Geranium Ct
Vernon, NJ 07418
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 $302,511 – $422,889, 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 $353,267 home should be assessed near $324,794.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,594 below what the ratio math suggests (11.6%).
Step 4 · The tax rate — same for every Vernon home
$1.368 Schools · 58% $0.438 County · 19% $0.539 Town · 23%
This home's own bill implies $2.258 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Vernon sale · assessed ÷ market
62%107%
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 |
|---|---|---|---|---|
| 1049 LAKESIDE DR E | 2025-08 | $650,000 | 1,116 | 85.3% |
| 9 VILLAGE WAY, UNIT 4 | 2025-02 | $225,000 | 1,046 | 82.4% |
| 16 WINDING HILL ROAD | 2026-03 | $370,000 | 954 | 80.7% |
| 105 BUSHWICK LANE | 2026-05 | $425,000 | 1,056 | 71.5% |
| 1 CANAL ST | 2025-11 | $335,000 | 1,027 | 85.5% |
| 310 MIDWAY DR | 2025-04 | $350,000 | 1,158 | 81.5% |
| 15 VILLAGE WAY, UNIT 5 | 2026-02 | $272,900 | 1,151 | 74.6% |
| 65 PANORAMA DR | 2025-02 | $319,000 | 1,104 | 98.2% |
| 18 LAKE ST | 2026-05 | $400,000 | 1,055 | 70.3% |
| 37 PADDOCK AVE | 2025-12 | $358,000 | 1,065 | 78.9% |
| 554 GRANDVIEW DR | 2026-04 | $430,000 | 1,144 | 72.7% |
| 204 WINETKA ROAD | 2026-01 | $341,000 | 1,096 | 85.0% |
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