The Fair Share Report
5 Devon Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $820,984 – $1,077,181, from 12 comparable Warren 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 Warren assessments sit below market value — republished every October, applied town-wide. A $949,816 home should be assessed near $958,459.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $107,659 below what the ratio math suggests (11.2%).
Step 4 · The tax rate — same for every Warren home
$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
This home vs. every recent Warren sale · assessed ÷ market
74%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 34 GREGORY LANE | 2025-05 | $990,000 | 2,672 | 94.0% |
| 7 GROUSE ROAD | 2025-05 | $999,999 | 2,730 | 89.0% |
| 59 FERGUSON ROAD | 2026-03 | $850,000 | 2,544 | 84.0% |
| 15 STOCKADE ROAD | 2025-04 | $1,125,000 | 2,522 | 90.6% |
| 7 HORSESHOE ROAD | 2026-04 | $915,000 | 2,804 | 96.3% |
| 6 GENTRY DRIVE | 2026-03 | $980,000 | 2,428 | 86.6% |
| 5 STONY BROOK DRIVE | 2025-03 | $821,500 | 2,441 | 95.1% |
| 23 CROWN DRIVE | 2025-03 | $755,000 | 2,914 | 87.0% |
| 1 FERNWOOD ROAD | 2026-01 | $750,000 | 2,954 | 116.5% |
| 10 OLD FARM ROAD | 2026-05 | $732,000 | 2,228 | 107.1% |
| 21 LENAPE TRAIL | 2026-05 | $925,000 | 2,086 | 81.3% |
| 16 UPPER WARREN WAY | 2025-01 | $815,000 | 2,303 | 103.5% |
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