The Fair Share Report
8 E Gate Dr
Vernon, NJ 07418
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 $473,582 – $617,641, 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 $549,685 home should be assessed near $505,380.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,080 below what the ratio math suggests (4.2%).
Step 4 · The tax rate — same for every Vernon home
$1.368 Schools · 58% $0.438 County · 19% $0.539 Town · 23%
This home's own bill implies $2.293 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 4 PANORAMA DR | 2025-09 | $467,500 | 2,386 | 97.7% |
| 12 EAST GATE DR | 2026-01 | $710,000 | 2,464 | 77.5% |
| 13 JANEL DR | 2025-03 | $520,000 | 2,388 | 92.3% |
| 3 TRAVEL RD | 2025-01 | $535,000 | 2,368 | 71.7% |
| 16 WENATCHEE RD | 2025-12 | $465,000 | 2,192 | 78.2% |
| 39 EDSALL DR | 2026-05 | $540,000 | 2,336 | 68.7% |
| 6 COLONIAL CIR | 2025-10 | $585,000 | 2,350 | 84.0% |
| 2 LK POCHUNG CT | 2025-08 | $420,000 | 2,483 | 107.5% |
| 12 THUNDER RD | 2025-10 | $520,000 | 2,260 | 94.3% |
| 4 COLONIAL CIR | 2026-02 | $660,000 | 2,378 | 73.5% |
| 2 APPLE RIDGE RD | 2025-01 | $599,000 | 2,874 | 95.1% |
| 1 WIMBLEDON DR UNIT 1 | 2025-07 | $490,000 | 2,448 | 88.8% |
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