The Fair Share Report
3 Pine St 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 $328,004 – $420,346, 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 $390,881 home should be assessed near $359,376.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $89,576 below what the ratio math suggests (24.9%).
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
59%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 |
|---|---|---|---|---|
| 153 COON DEN RD | 2025-10 | $380,000 | 1,092 | 82.8% |
| 12 APPLEWOOD ROAD | 2025-07 | $405,000 | 1,086 | 77.2% |
| 218 ACABONACK ROAD | 2025-08 | $385,000 | 1,283 | 91.1% |
| 48 LONACONING RD | 2025-11 | $320,000 | 1,160 | 86.7% |
| 6 COURTLAND RD | 2026-03 | $400,000 | 1,050 | 83.4% |
| 65 PANORAMA DR | 2025-02 | $319,000 | 1,104 | 98.2% |
| 37 PADDOCK AVE | 2025-12 | $358,000 | 1,065 | 78.9% |
| 204 WINETKA ROAD | 2026-01 | $341,000 | 1,096 | 85.0% |
| 248 WACONIA ROAD | 2025-05 | $450,000 | 1,296 | 79.9% |
| 527 TAHAMA RD | 2025-05 | $440,000 | 1,272 | 74.6% |
| 25 WHITE BIRCH DR | 2025-02 | $360,000 | 1,248 | 88.9% |
| 554 GRANDVIEW DR | 2026-04 | $430,000 | 1,144 | 72.7% |
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