The Fair Share Report

4 Harmony Rd

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

≈ $1,215,343

Likely range $834,493 – $1,359,699, 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 $1,215,343 home should be assessed near $1,226,403.

Step 3 · Assessed value

$1,020,200

Set at the last town-wide revaluation and mostly frozen since. That's $206,203 below what the ratio math suggests (16.8%).

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

$16,847/yr
Public schools$10,962
Somerset County$3,202
Town of Warren$2,683
Warren average$16,986

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

Town median 92.8%
This home · 83.9%

70%128%

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 PHYLLIS COURT2025-06$1,100,0003,73599.8%
4 SUGARWOOD WAY2025-03$1,175,0002,788104.6%
4 HEMLOCK CIRCLE2026-02$1,400,0003,15489.4%
61 CHRISTY DRIVE2026-02$1,290,0003,42988.8%
6 HARDWOOD COURT2026-01$1,389,0883,96790.4%
24 GEIGER LANE2026-01$1,170,0002,97084.9%
33 SKYLINE DRIVE2026-01$1,460,0003,40286.9%
1 FERNWOOD ROAD2026-01$750,0002,954116.5%
31 JOHNS DR2025-06$1,195,0002,88795.4%
23 CROWN DRIVE2025-03$755,0002,91487.0%
112 KING GEORGE ROAD2026-03$880,0003,316102.2%
22 OLD DUTCH ROAD2026-02$1,520,0004,16282.6%

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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 →