The Fair Share Report
4 Wallkill 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $337,470 – $494,112, 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 $410,753 home should be assessed near $377,646.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $89,146 below what the ratio math suggests (23.6%).
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
53%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 |
|---|---|---|---|---|
| 222 ALTURAS RD | 2025-09 | $352,500 | 1,240 | 84.5% |
| 4 BURGHER RD | 2025-09 | $319,999 | 1,232 | 87.9% |
| 5 MARTIN LN | 2025-06 | $27,500 | — | 117.8% |
| 2100 LAKESIDE DR W | 2026-01 | $562,500 | 1,067 | 87.6% |
| 342 W LAKESHORE DR | 2025-08 | $660,000 | 1,304 | 72.3% |
| 145 BREAKNECK RD | 2026-01 | $360,000 | 1,412 | 78.7% |
| 88 LAKESIDE DR | 2025-08 | $400,000 | 1,582 | 93.0% |
| 111 HILLSIDE ROAD | 2025-12 | $376,000 | 1,058 | 82.2% |
| 9 BUTTERNUT ROAD | 2025-08 | $413,000 | 1,305 | 80.1% |
| 135 BREAKNECK RD | 2026-04 | $435,000 | 1,378 | 67.9% |
| 203 WISCASSET ROAD | 2025-11 | $400,000 | 1,377 | 77.7% |
| 10 WOODSIDE DR | 2025-02 | $245,000 | 1,296 | 101.9% |
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