The Fair Share Report

5 Deer Path

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

≈ $1,031,867

Likely range $883,653 – $1,134,331, 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 $1,031,867 home should be assessed near $1,041,257.

Step 3 · Assessed value

$889,700

Set at the last town-wide revaluation and mostly frozen since. That's $151,557 below what the ratio math suggests (14.6%).

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 $1.647 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$14,650/yr
Public schools$9,533
Somerset County$2,785
Town of Warren$2,333
Warren average$16,986

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

Town median 92.8%
This home · 86.2%

73%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
7 HORSESHOE ROAD2026-04$915,0002,80496.3%
7 GROUSE ROAD2025-05$999,9992,73089.0%
1 FERNWOOD ROAD2026-01$750,0002,954116.5%
34 GREGORY LANE2025-05$990,0002,67294.0%
23 CROWN DRIVE2025-03$755,0002,91487.0%
112 KING GEORGE ROAD2026-03$880,0003,316102.2%
20 WILLIAM PENN ROAD2026-05$1,300,0003,36379.2%
59 FERGUSON ROAD2026-03$850,0002,54484.0%
15 STOCKADE ROAD2025-04$1,125,0002,52290.6%
24 GEIGER LANE2026-01$1,170,0002,97084.9%
80 OLD STIRLING ROAD2025-04$1,187,5003,07190.8%
5 JENNIFER LANE2026-01$1,050,0002,08784.5%

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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 →