The Fair Share Report
22 Rustic Rd
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 $413,854 – $590,213, 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 $511,983 home should be assessed near $470,717.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,917 below what the ratio math suggests (7.2%).
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%111%
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 |
|---|---|---|---|---|
| 5 PORT ROYAL DR UNIT 7 | 2026-02 | $320,000 | 2,002 | 98.1% |
| 1 WIMBLEDON DR UNIT 1 | 2025-07 | $490,000 | 2,448 | 88.8% |
| 8 COLD SPRING DR | 2026-06 | $502,000 | 2,112 | 77.5% |
| 1 WIMBLEDON DR UNIT 2 | 2025-10 | $440,000 | 2,604 | 95.8% |
| 26 ASTER ST | 2026-04 | $570,000 | 2,130 | 88.1% |
| 26 ASTER ST | 2025-03 | $540,000 | 2,130 | 93.0% |
| 56 LAKESIDE DR NW | 2025-07 | $590,000 | 1,842 | 77.1% |
| 808 RT 517 | 2025-07 | $423,000 | 2,006 | 84.6% |
| 1 HILTON HEAD DR UNIT 5 | 2025-05 | $330,000 | 1,988 | 89.7% |
| 13 CHESTNUT ST | 2026-06 | $505,000 | 1,856 | 72.2% |
| 18 VALLEY DR W | 2026-03 | $549,900 | 2,309 | 86.4% |
| 312 MOUNTAINSIDE DR | 2026-01 | $485,000 | 2,050 | 91.4% |
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