The Fair Share Report
2 Ridge Rd E
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 $388,846 – $468,056, from 12 comparable Vernon sales in the past 18 months, at this home's 1,348 sq ft.
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 $402,439 home should be assessed near $370,002.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $114,902 below what the ratio math suggests (31.1%).
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
49%107%
Keep quiet and enjoy it
This home's assessment ratio sits below the Vernon 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 |
|---|---|---|---|---|
| 46 APPLESEED RD | 2025-01 | $389,900 | 1,306 | 86.6% |
| 25 WHITE BIRCH DR | 2025-02 | $360,000 | 1,248 | 88.9% |
| 35 ZINNIA DR | 2026-06 | $390,000 | 1,344 | 78.7% |
| 17 ACORN DR | 2026-05 | $499,000 | 1,382 | 82.4% |
| 16 ANDREA DR | 2026-02 | $410,000 | 1,248 | 79.6% |
| 218 ACABONACK ROAD | 2025-08 | $385,000 | 1,283 | 91.1% |
| 29 BLACK OAK DR | 2025-09 | $420,000 | 1,342 | 80.3% |
| 303 W LAKESHORE DR EXT | 2025-07 | $507,000 | 1,380 | 88.4% |
| 6 PINE TER W | 2025-01 | $345,000 | 1,438 | 92.6% |
| 26 ANDREA DR | 2025-06 | $390,000 | 1,532 | 74.5% |
| 248 WACONIA ROAD | 2025-05 | $450,000 | 1,296 | 79.9% |
| 45 PANORAMA DR | 2025-01 | $250,000 | 1,440 | 127.1% |
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