The Fair Share Report
4 Iris Ct
Vernon, NJ 07418
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 $346,990 – $441,783, 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 $419,317 home should be assessed near $385,520.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,720 below what the ratio math suggests (3.0%).
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
68%113%
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 |
|---|---|---|---|---|
| 19 ESTHER DR | 2025-08 | $450,000 | 1,800 | 90.7% |
| 5-11 PINE CRESCENT | 2026-02 | $370,000 | 1,520 | 103.5% |
| 10 THISTLE AVE | 2026-04 | $470,000 | 1,830 | 77.9% |
| 7-13 MAPLE CRESCENT | 2025-10 | $375,000 | 1,520 | 101.9% |
| 403 RUTHERFORD PL | 2025-02 | $425,000 | 1,721 | 82.0% |
| 808 RT 517 | 2025-07 | $423,000 | 2,006 | 84.6% |
| 4 BANTRY CT | 2026-04 | $427,100 | 1,612 | 82.8% |
| 5 PORT ROYAL DR UNIT 7 | 2026-02 | $320,000 | 2,002 | 98.1% |
| 6 MOUNTAIN TOP CT | 2025-09 | $415,000 | 1,726 | 80.0% |
| 30 LAKESHORE DR E | 2025-12 | $449,900 | 1,665 | 79.0% |
| 30 LAKESHORE DR E | 2025-07 | $335,000 | 1,665 | 106.1% |
| 210 SQUAM RD | 2025-04 | $425,000 | 1,803 | 98.7% |
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