The Fair Share Report

4 Maple Dr

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

≈ $798,367

Likely range $723,134 – $946,035, 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 $798,367 home should be assessed near $805,632.

Step 3 · Assessed value

$657,700

Set at the last town-wide revaluation and mostly frozen since. That's $147,932 below what the ratio math suggests (18.4%).

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 $1.656 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$10,892/yr
Public schools$7,087
Somerset County$2,070
Town of Warren$1,735
Warren average$16,986

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

Town median 92.8%
This home · 82.4%

64%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
22 LIVINGSTON AVENUE2026-02$520,0002,13586.1%
16 UPPER WARREN WAY2025-01$815,0002,303103.5%
14 STILES ROAD2026-02$775,0002,09292.2%
15 SPRING LANE2026-05$680,0002,140103.8%
5 STONY BROOK DRIVE2025-03$821,5002,44195.1%
10 OLD FARM ROAD2026-05$732,0002,228107.1%
3 EDMUND DRIVE2025-06$850,0002,28094.1%
5 THORESEN ROAD2026-01$750,0002,479103.6%
15 STOCKADE ROAD2025-04$1,125,0002,52290.6%
9 RED HILL ROAD2026-05$999,9992,02084.6%
59 FERGUSON ROAD2026-03$850,0002,54484.0%
6 GENTRY DRIVE2026-03$980,0002,42886.6%

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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 →