The Fair Share Report

37 Mitchell Ave

Warren, NJ 07059

The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.

Good news — this home pays less than its share

Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.

Step 1 · Market value

≈ $757,171

Likely range $610,034 – $836,162, 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 $757,171 home should be assessed near $764,061.

Step 3 · Assessed value

$490,000

Set at the last town-wide revaluation and mostly frozen since. That's $274,061 below what the ratio math suggests (35.9%).

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 $1.651 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$8,089/yr
Public schools$5,263
Somerset County$1,537
Town of Warren$1,288
Warren average$16,986

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

Town median 92.8%
This home · 64.7%

53%109%

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

AddressSoldPriceSq ftRatio
26 GATES AVENUE2026-01$760,0001,89784.7%
22 LIVINGSTON AVENUE2026-02$520,0002,13586.1%
16 FAIRFIELD AVENUE2025-02$850,0002,28696.6%
91 HILLCREST ROAD2026-03$947,0001,85294.8%
80 REINMAN ROAD2025-01$527,0001,37098.3%
14 STILES ROAD2026-02$775,0002,09292.2%
5 THORESEN ROAD2026-01$750,0002,479103.6%
11 OLD STIRLING ROAD2026-02$465,0001,471119.4%
9 RED HILL ROAD2026-05$999,9992,02084.6%
47 BROOKSIDE DRIVE2026-04$750,0001,86488.7%
15 SPRING LANE2026-05$680,0002,140103.8%
4 KALMAN COURT2025-02$1,075,0002,30496.3%

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