The Fair Share Report
5 Rustic Rd
Vernon, NJ 07422
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 $236,928 – $299,475, from 12 comparable Vernon 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 Vernon assessments sit below market value — republished every October, applied town-wide. A $262,560 home should be assessed near $241,398.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,102 above what the ratio math suggests (39.4%).
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
68%147%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (100.00%) — roughly $2,230/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 WIMBLEDON DR UNIT 1 | 2025-11 | $300,000 | 1,376 | 105.6% |
| 3 VILLAGE WAY, UNIT 1 | 2026-03 | $275,000 | 1,330 | 83.1% |
| 1 VILLAGE WAY, UNIT 1 | 2025-05 | $230,000 | 1,330 | 89.4% |
| 20 AUGUSTA DR UNIT 5 | 2026-05 | $285,000 | 1,368 | 91.5% |
| 3 RED LODGE DR UNIT 1 | 2026-01 | $260,000 | 1,368 | 94.7% |
| 1 PORT ROYAL DR UNIT 5 | 2025-11 | $235,000 | 1,368 | 101.8% |
| 20 AUGUSTA DR UNIT 9 | 2025-10 | $239,000 | 1,368 | 100.3% |
| 1 RED LODGE DR UNIT 5 | 2025-07 | $242,500 | 1,368 | 98.6% |
| 2 ONUMA CT UNIT 3 | 2025-06 | $240,000 | 1,368 | 99.4% |
| 4 BIG SKY DR UNIT 3 | 2025-05 | $245,000 | 1,368 | 97.6% |
| 2 BIG SKY DR UNIT 3 | 2025-02 | $320,000 | 1,368 | 86.2% |
| 2 RED LODGE DR UNIT 3 | 2025-01 | $259,900 | 1,368 | 91.9% |
Is this your house?
Run your own report →