The Fair Share Report

4 Maple Dr

Vernon, NJ 07461

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

≈ $491,111

Likely range $437,386 – $592,021, from 12 comparable Vernon sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

91.94%

The state's official measure of how far Vernon assessments sit below market value — republished every October, applied town-wide. A $491,111 home should be assessed near $451,527.

Step 3 · Assessed value

$417,400

Set at the last town-wide revaluation and mostly frozen since. That's $34,127 below what the ratio math suggests (7.6%).

Step 4 · The tax rate — same for every Vernon home

$2.345 per $100 assessed

$1.368 Schools · 58% $0.438 County · 19% $0.539 Town · 23%

Step 5 · The bill

$9,788/yr
Public schools$5,710
Sussex County$1,828
Town of Vernon$2,250
Vernon average$7,539

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

Town median 85.5%
This home · 85.0%

65%107%

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)

AddressSoldPriceSq ftRatio
3 BIRCHWOOD DR2026-05$605,0001,91670.9%
16 MOTT DR2025-11$305,0001,90795.1%
20 HIGHPOINT TER2026-03$424,0001,97276.0%
19 BLACK WALNUT MTN RD2025-12$540,0001,95681.2%
7 BIRCHWOOD DR2025-09$575,0001,89481.3%
7 WOODLAND TRL2026-05$495,0002,18876.8%
12 SLAYTON RD2025-05$475,0002,21186.7%
11 CHRISTINE PL2025-08$399,0002,00090.2%
107 VISTA ROAD2025-06$431,1751,92082.9%
54 WOODLAND DR2025-01$490,0001,83693.2%
36 WOODLAND DR2025-05$380,0002,192102.5%
4 SATURN CT2026-05$520,0001,78276.4%

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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 →