The Fair Share Report
7 Pine St
Vernon, NJ 07462
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 $337,158 – $414,465, 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 $393,819 home should be assessed near $362,077.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,177 below what the ratio math suggests (4.5%).
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%108%
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 |
|---|---|---|---|---|
| 26 TALLAHATCHIE DR | 2025-02 | $400,000 | 1,562 | 89.8% |
| 52 APPLESEED RD | 2025-03 | $424,900 | 1,600 | 80.1% |
| 17 VILLAGE WAY, UNIT 7 | 2026-02 | $270,000 | 1,534 | 91.6% |
| 1 VILLAGE WAY, UNIT 3 | 2025-04 | $225,000 | 1,563 | 86.6% |
| 529 TRANQUILITY DR | 2026-02 | $355,000 | 1,582 | 89.6% |
| 120 ISLAND RD | 2026-06 | $1,287,000 | 1,466 | 48.6% |
| 24 HILLSDALE DR | 2025-11 | $392,000 | 1,594 | 81.4% |
| 2 EAGLE NEST DR UNIT 1 | 2026-01 | $250,000 | 1,496 | 86.4% |
| 4 CREST HILL DR | 2025-09 | $420,000 | 1,514 | 77.5% |
| 507 ABRICADA RD | 2025-12 | $395,000 | 1,612 | 86.3% |
| 3 FOREST DR | 2025-01 | $397,500 | 1,546 | 89.0% |
| 31 CARNATION ST | 2025-10 | $413,000 | 1,608 | 80.7% |
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