The Fair Share Report
55 Rt 94
Vernon, NJ 07428
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 $212,507 – $265,226, 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 $230,732 home should be assessed near $212,135.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,565 above what the ratio math suggests (2.2%).
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%107%
Paying about right
This home's ratio lands inside Vernon'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 |
|---|---|---|---|---|
| 6 HICKORY LN | 2025-06 | $430,000 | 960 | 82.3% |
| 200 RT 94 UNIT 212 | 2026-03 | $255,000 | 956 | 125.1% |
| 56 GLENWOOD MTN RD | 2025-06 | $300,000 | 1,265 | 75.5% |
| 204 WAWAYANDA ROAD | 2026-02 | $225,000 | 1,016 | 105.8% |
| 10-13 MAPLE CRESCENT | 2025-02 | $249,900 | 919 | 95.6% |
| 3-12 MAPLE CRESCENT | 2025-01 | $222,500 | 919 | 103.3% |
| 3 SPYGLASS HILL UNIT 1 | 2026-05 | $220,000 | 994 | 91.5% |
| 5 SPYGLASS HILL UNIT 5 | 2026-05 | $225,000 | 994 | 88.0% |
| 7 PEVERO PL UNIT 7 | 2025-03 | $235,000 | 994 | 90.5% |
| 14 AUGUSTA DR UNIT 1 | 2025-11 | $200,000 | 910 | 89.8% |
| 13 VILLAGE WAY, UNIT 2 | 2026-06 | $265,000 | 900 | 69.9% |
| 1 ONUMA CT UNIT 8 | 2026-05 | $229,000 | 900 | 90.8% |
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