The Fair Share Report

49 Brookside 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

≈ $813,465

Likely range $702,373 – $926,386, 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 $813,465 home should be assessed near $820,868.

Step 3 · Assessed value

$687,000

Set at the last town-wide revaluation and mostly frozen since. That's $133,868 below what the ratio math suggests (16.3%).

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 $1.646 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$11,311/yr
Public schools$7,360
Somerset County$2,150
Town of Warren$1,801
Warren average$16,986

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

Town median 92.8%
This home · 84.5%

69%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
15 SPRING LANE2026-05$680,0002,140103.8%
16 UPPER WARREN WAY2025-01$815,0002,303103.5%
3 EDMUND DRIVE2025-06$850,0002,28094.1%
10 OLD FARM ROAD2026-05$732,0002,228107.1%
47 BROOKSIDE DRIVE2026-04$750,0001,86488.7%
5 STONY BROOK DRIVE2025-03$821,5002,44195.1%
9 RED HILL ROAD2026-05$999,9992,02084.6%
6 GENTRY DRIVE2026-03$980,0002,42886.6%
21 LENAPE TRAIL2026-05$925,0002,08681.3%
59 FERGUSON ROAD2026-03$850,0002,54484.0%
5 JENNIFER LANE2026-01$1,050,0002,08784.5%
56 WASHINGTON VALLEY ROAD2025-01$727,0001,76498.3%

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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 →