The Fair Share Report
5 Maple Rd
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.
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Step 1 · Market value
Likely range $206,898 – $372,559, from 12 comparable Vernon sales in the past 18 months, at this home's 654 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 $269,284 home should be assessed near $247,580.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $138,180 below what the ratio math suggests (55.8%).
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
24%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 |
|---|---|---|---|---|
| 37 LAKESHORE DR NW | 2026-05 | $135,000 | 644 | 177.3% |
| 12 MAPLE RD | 2026-06 | $173,500 | 722 | 63.9% |
| 122 GLEN RD | 2025-01 | $278,100 | 680 | 95.0% |
| 2102 LAKESIDE DR W | 2025-12 | $437,500 | 768 | 96.9% |
| 1001 LAKESIDE DR E | 2025-07 | $525,000 | 628 | 86.9% |
| 49 LAKESHORE DR NW | 2025-05 | $370,000 | 598 | 69.3% |
| 128 BREAKNECK RD 202/AN | 2025-06 | $320,000 | 648 | 81.5% |
| 110 BREAKNECK RD | 2026-03 | $301,400 | 732 | 79.8% |
| 91 BREAKNECK RD | 2026-01 | $230,000 | 668 | 96.9% |
| 108 LAKESIDE DR | 2026-03 | $259,999 | 565 | 52.6% |
| 26 CEDAR LN | 2025-02 | $191,500 | 570 | 101.6% |
| 2014 LAKESIDE DR W | 2026-01 | $525,000 | 780 | 84.0% |
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