The Fair Share Report

4 Beech Pl

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

≈ $1,098,167

Likely range $940,430 – $1,178,581, 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 $1,098,167 home should be assessed near $1,108,160.

Step 3 · Assessed value

$850,000

Set at the last town-wide revaluation and mostly frozen since. That's $258,160 below what the ratio math suggests (23.3%).

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 $1.648 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,007/yr
Public schools$9,114
Somerset County$2,662
Town of Warren$2,231
Warren average$16,986

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

Town median 92.8%
This home · 77.4%

67%109%

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
80 OLD STIRLING ROAD2025-04$1,187,5003,07190.8%
23 CROWN DRIVE2025-03$755,0002,91487.0%
128 MOUNTAIN VIEW ROAD2025-04$1,325,0003,59083.2%
7 HORSESHOE ROAD2026-04$915,0002,80496.3%
59 FERGUSON ROAD2026-03$850,0002,54484.0%
34 CHRISTY DRIVE2025-03$1,925,0003,446104.2%
5 STONY BROOK DRIVE2025-03$821,5002,44195.1%
1 FERNWOOD ROAD2026-01$750,0002,954116.5%
7 GROUSE ROAD2025-05$999,9992,73089.0%
15 STOCKADE ROAD2025-04$1,125,0002,52290.6%
24 GEIGER LANE2026-01$1,170,0002,97084.9%
16 UPPER WARREN WAY2025-01$815,0002,303103.5%

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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 →