The Fair Share Report
6 Splitrock Ln
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 $424,798 – $547,975, 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 $483,941 home should be assessed near $444,935.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,235 below what the ratio math suggests (9.0%).
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 |
|---|---|---|---|---|
| 16 MOTT DR | 2025-11 | $305,000 | 1,907 | 95.1% |
| 3 BIRCHWOOD DR | 2026-05 | $605,000 | 1,916 | 70.9% |
| 7 BIRCHWOOD DR | 2025-09 | $575,000 | 1,894 | 81.3% |
| 107 VISTA ROAD | 2025-06 | $431,175 | 1,920 | 82.9% |
| 20 HIGHPOINT TER | 2026-03 | $424,000 | 1,972 | 76.0% |
| 6 HIGHVIEW DR | 2026-05 | $530,000 | 1,876 | 74.1% |
| 19 VALLEY DR W | 2026-06 | $500,000 | 1,876 | 79.2% |
| 210 RT 515 | 2025-01 | $475,000 | 1,786 | 76.5% |
| 19 BLACK WALNUT MTN RD | 2025-12 | $540,000 | 1,956 | 81.2% |
| 7 WOODLAND TRL | 2026-05 | $495,000 | 2,188 | 76.8% |
| 54 WOODLAND DR | 2025-01 | $490,000 | 1,836 | 93.2% |
| 38 IVY PL | 2026-06 | $420,000 | 1,876 | 79.4% |
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