The Fair Share Report
4 Oak Ct E
Vernon, NJ 07422
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 $276,252 – $417,449, 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 $387,855 home should be assessed near $356,594.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,194 below what the ratio math suggests (2.0%).
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%132%
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 |
|---|---|---|---|---|
| 35 ZINNIA DR | 2026-06 | $390,000 | 1,344 | 78.7% |
| 6 PINE TER W | 2025-01 | $345,000 | 1,438 | 92.6% |
| 530 TRANQUILITY DR | 2025-09 | $330,000 | 1,398 | 93.5% |
| 10 LINCOLN AVE | 2025-09 | $435,000 | 1,596 | 88.5% |
| 22 PANORAMA DR | 2025-11 | $325,000 | 1,632 | 94.8% |
| 139 BARRY DR N | 2025-01 | $405,000 | 1,500 | 80.5% |
| 3 JEAN ST | 2025-11 | $435,000 | 1,596 | 77.9% |
| 2 EAGLE NEST DR UNIT 1 | 2026-01 | $250,000 | 1,496 | 86.4% |
| 380 RT 515 | 2025-01 | $420,000 | 1,459 | 76.5% |
| 14 OLD COACH RD | 2025-02 | $330,000 | 1,632 | 95.3% |
| 4 CREST HILL DR | 2025-09 | $420,000 | 1,514 | 77.5% |
| 3 QUAIL CT | 2025-12 | $415,000 | 1,590 | 71.0% |
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