The Fair Share Report

33 Mitchell Ave

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

≈ $741,571

Likely range $664,924 – $769,581, 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 $741,571 home should be assessed near $748,319.

Step 3 · Assessed value

$416,400

Set at the last town-wide revaluation and mostly frozen since. That's $331,919 below what the ratio math suggests (44.4%).

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 $1.652 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$6,878/yr
Public schools$4,476
Somerset County$1,307
Town of Warren$1,095
Warren average$16,986

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

Town median 92.8%
This home · 56.2%

49%109%

Keep quiet and enjoy it

This home's assessment ratio sits below the Warren pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
26 GATES AVENUE2026-01$760,0001,89784.7%
91 HILLCREST ROAD2026-03$947,0001,85294.8%
80 REINMAN ROAD2025-01$527,0001,37098.3%
22 LIVINGSTON AVENUE2026-02$520,0002,13586.1%
11 OLD STIRLING ROAD2026-02$465,0001,471119.4%
14 STILES ROAD2026-02$775,0002,09292.2%
47 BROOKSIDE DRIVE2026-04$750,0001,86488.7%
5 THORESEN ROAD2026-01$750,0002,479103.6%
39 OLD STIRLING ROAD2026-01$750,0001,79285.3%
16 FAIRFIELD AVENUE2025-02$850,0002,28696.6%
56 WASHINGTON VALLEY ROAD2025-01$727,0001,76498.3%
15 VALLEY VIEW ROAD2025-05$650,0001,60094.5%

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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 →