The Fair Share Report
201 Iris Ct
Warren, NJ 07059
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 $773,271 – $1,246,175, 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 $1,139,929 home should be assessed near $1,150,302.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $397,102 below what the ratio math suggests (34.5%).
Step 4 · The tax rate — same for every Warren home
$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%
Step 5 · The bill
This home vs. every recent Warren sale · assessed ÷ market
55%109%
Paying about right
This home's ratio lands inside Warren'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 |
|---|---|---|---|---|
| 1 FERNWOOD ROAD | 2026-01 | $750,000 | 2,954 | 116.5% |
| 24 GEIGER LANE | 2026-01 | $1,170,000 | 2,970 | 84.9% |
| 23 CROWN DRIVE | 2025-03 | $755,000 | 2,914 | 87.0% |
| 31 JOHNS DR | 2025-06 | $1,195,000 | 2,887 | 95.4% |
| 80 OLD STIRLING ROAD | 2025-04 | $1,187,500 | 3,071 | 90.8% |
| 7 HORSESHOE ROAD | 2026-04 | $915,000 | 2,804 | 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% |
| 7 GROUSE ROAD | 2025-05 | $999,999 | 2,730 | 89.0% |
| 34 GREGORY LANE | 2025-05 | $990,000 | 2,672 | 94.0% |
| 112 KING GEORGE ROAD | 2026-03 | $880,000 | 3,316 | 102.2% |
| 5 FERNWOOD ROAD | 2026-01 | $999,999 | 2,587 | 90.3% |
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