The Fair Share Report
4 Spring Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $122,063 – $209,883, 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 $142,474 home should be assessed near $130,991.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,191 below what the ratio math suggests (24.6%).
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
42%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 108 LAKESIDE DR | 2026-03 | $259,999 | 565 | 52.6% |
| 26 CEDAR LN | 2025-02 | $191,500 | 570 | 101.6% |
| 106 SPRUCE LN | 2025-10 | $240,000 | 520 | 103.3% |
| 2 CHAMONIX DR UNIT 229 | 2025-06 | $125,000 | 408 | 89.0% |
| 2 CHAMONIX DR UNIT 457 | 2025-05 | $135,500 | 408 | 85.8% |
| 200 RT 94 UNIT 132 | 2026-04 | $130,000 | 406 | 108.4% |
| 200 RT 94 UNIT 259 | 2025-08 | $105,000 | 406 | 122.1% |
| 200 RT 94 UNIT 328 | 2025-07 | $138,000 | 406 | 94.6% |
| 200 RT 94 UNIT 227 | 2025-01 | $130,000 | 406 | 96.7% |
| 5 MAPLE RD | 2025-08 | $144,000 | 654 | 76.0% |
| 28 COHOCTON RD | 2025-07 | $228,000 | 468 | 94.8% |
| 49 LAKESHORE DR NW | 2025-05 | $370,000 | 598 | 69.3% |
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