The Fair Share Report

24 Raspberry Trl

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.

Step 1 · Market value

≈ $2,182,257

Likely range $1,801,914 – $2,872,382, from 12 comparable Warren sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

100.91%

The state's official measure of how far Warren assessments sit below market value — republished every October, applied town-wide. A $2,182,257 home should be assessed near $2,202,116.

Step 3 · Assessed value

$2,177,500

Set at the last town-wide revaluation and mostly frozen since. That's $24,616 below what the ratio math suggests (1.1%).

Step 4 · The tax rate — same for every Warren home

$1.752 per $100 assessed

$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%

This home's own bill implies $1.646 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$35,846/yr
Public schools$23,324
Somerset County$6,813
Town of Warren$5,708
Warren average$16,986

This home vs. every recent Warren sale · assessed ÷ market

Town median 92.8%
This home · 99.8%

70%126%

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)

AddressSoldPriceSq ftRatio
6 THISTLE LANE2026-05$2,595,0005,55481.3%
2 WILLOW WOODS TRAIL2026-03$1,960,0005,89392.8%
1 MEYERS LANE2025-06$2,550,0005,43183.5%
15 QUAIL RUN2026-06$2,175,0005,94080.2%
15 THISTLE LANE2025-05$1,900,0006,21796.7%
38 WILLIAM PENN ROAD2025-05$1,400,0004,98097.2%
19 GLEN VIEW DRIVE2026-04$2,000,0006,731113.7%
3 KENSINGTON COURT2025-02$2,015,0005,34994.8%
20 WHISPERING WAY2025-04$1,720,0004,32193.3%
19 ROBIN ROAD2026-01$1,404,0004,29685.5%
15 MUNDY LANE2026-05$1,550,0004,02482.3%
6 STONEHEDGE COURT2026-04$2,485,0003,88381.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →