The Fair Share Report
2 Willow Rd
Vernon, NJ 07428
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 $296,291 – $382,747, 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 $319,458 home should be assessed near $293,710.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,010 below what the ratio math suggests (20.1%).
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 $2.132 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
56%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 |
|---|---|---|---|---|
| 337 E LAKESHORE DR | 2025-12 | $600,000 | 791 | 69.9% |
| 218 WAWAYANDA ROAD | 2025-07 | $285,000 | 760 | 85.5% |
| 20 GLENWOOD LN | 2026-06 | $339,000 | 850 | 68.9% |
| 2109 LAKESIDE DR W | 2026-05 | $400,000 | 852 | 70.1% |
| 2109 LAKESIDE DR W | 2025-06 | $395,250 | 852 | 71.0% |
| 134 COON DEN RD | 2025-04 | $310,000 | 792 | 81.2% |
| 503 POCASSET ROAD | 2025-12 | $375,000 | 780 | 73.5% |
| 9 JOAN LN | 2025-01 | $345,000 | 828 | 83.4% |
| 238 POHATCONG ROAD | 2025-01 | $287,500 | 735 | 91.1% |
| 245 WISCASSET RD | 2025-12 | $390,000 | 869 | 90.8% |
| 693 CANISTEAR ROAD | 2025-09 | $300,000 | 738 | 81.7% |
| 15 VILLAGE WAY, UNIT 4 | 2026-06 | $185,000 | 805 | 85.5% |
Is this your house?
Run your own report →