The Fair Share Report

8 Larson Ln

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

≈ $913,380

Likely range $827,309 – $1,082,321, 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 $913,380 home should be assessed near $921,692.

Step 3 · Assessed value

$976,200

Set at the last town-wide revaluation and mostly frozen since. That's $54,508 above what the ratio math suggests (5.9%).

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 $1.648 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$16,090/yr
Public schools$10,470
Somerset County$3,058
Town of Warren$2,562
Warren average$16,986

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

Town median 92.8%
This home · 106.9%

77%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
59 FERGUSON ROAD2026-03$850,0002,54484.0%
34 GREGORY LANE2025-05$990,0002,67294.0%
7 GROUSE ROAD2025-05$999,9992,73089.0%
6 GENTRY DRIVE2026-03$980,0002,42886.6%
15 STOCKADE ROAD2025-04$1,125,0002,52290.6%
5 STONY BROOK DRIVE2025-03$821,5002,44195.1%
10 OLD FARM ROAD2026-05$732,0002,228107.1%
7 HORSESHOE ROAD2026-04$915,0002,80496.3%
16 UPPER WARREN WAY2025-01$815,0002,303103.5%
21 LENAPE TRAIL2026-05$925,0002,08681.3%
3 EDMUND DRIVE2025-06$850,0002,28094.1%
23 CROWN DRIVE2025-03$755,0002,91487.0%

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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 →