The Fair Share Report

7 Raspberry Trl

Warren, NJ 07059

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.

Step 1 · Market value

≈ $1,982,227

Likely range $1,676,788 – $2,609,093, from 12 comparable Warren sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

100.91%

The state's official measure of how far Warren assessments sit below market value — republished every October, applied town-wide. A $1,982,227 home should be assessed near $2,000,265.

Step 3 · Assessed value

$1,967,600

Set at the last town-wide revaluation and mostly frozen since. That's $32,665 below what the ratio math suggests (1.6%).

Step 4 · The tax rate — same for every Warren home

$1.752 per $100 assessed

$1.140 Schools · 65% $0.333 County · 19% $0.279 Town · 16%

This home's own bill implies $1.647 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$32,400/yr
Public schools$21,082
Somerset County$6,158
Town of Warren$5,160
Warren average$16,986

This home vs. every recent Warren sale · assessed ÷ market

Town median 92.8%
This home · 99.3%

70%123%

Paying about right

This home's ratio lands inside Warren's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
3 KENSINGTON COURT2025-02$2,015,0005,34994.8%
6 THISTLE LANE2026-05$2,595,0005,55481.3%
1 MEYERS LANE2025-06$2,550,0005,43183.5%
12 GREGORY LANE2025-04$2,400,0005,08297.2%
51 WASHINGTON VALLEY ROAD2026-01$1,999,9994,70398.0%
38 WILLIAM PENN ROAD2025-05$1,400,0004,98097.2%
20 WHISPERING WAY2025-04$1,720,0004,32193.3%
2 WILLOW WOODS TRAIL2026-03$1,960,0005,89392.8%
6 PHYLLIS COURT2025-06$1,100,0003,73599.8%
19 ROBIN ROAD2026-01$1,404,0004,29685.5%
15 QUAIL RUN2026-06$2,175,0005,94080.2%
15 THISTLE LANE2025-05$1,900,0006,21796.7%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →