The Fair Share Report
45 Paddock Ave
Vernon, NJ 07751
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 $349,093 – $440,000, from 12 comparable Vernon sales in the past 18 months, at this home's 1,155 sq ft.
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 $388,254 home should be assessed near $356,961.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $241,561 below what the ratio math suggests (67.7%).
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
21%107%
Keep quiet and enjoy it
This home's assessment ratio sits below the Vernon pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 310 MIDWAY DR | 2025-04 | $350,000 | 1,158 | 81.5% |
| 37 PADDOCK AVE | 2025-12 | $358,000 | 1,065 | 78.9% |
| 153 COON DEN RD | 2025-10 | $380,000 | 1,092 | 82.8% |
| 1049 LAKESIDE DR E | 2025-08 | $650,000 | 1,116 | 85.3% |
| 513 UPPER HIGHLAND LK DR | 2025-08 | $560,000 | 1,324 | 68.7% |
| 204 WINETKA ROAD | 2026-01 | $341,000 | 1,096 | 85.0% |
| 554 GRANDVIEW DR | 2026-04 | $430,000 | 1,144 | 72.7% |
| 10 WOODSIDE DR | 2025-02 | $245,000 | 1,296 | 101.9% |
| 527 TAHAMA RD | 2025-05 | $440,000 | 1,272 | 74.6% |
| 15 VILLAGE WAY, UNIT 5 | 2026-02 | $272,900 | 1,151 | 74.6% |
| 6 COURTLAND RD | 2026-03 | $400,000 | 1,050 | 83.4% |
| 105 BUSHWICK LANE | 2026-05 | $425,000 | 1,056 | 71.5% |
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