The Fair Share Report
8 Splitrock Ln
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 $257,493 – $378,267, 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 $290,945 home should be assessed near $267,495.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,905 above what the ratio math suggests (38.1%).
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%149%
A touch high — worth watching
This home's ratio sits above most of Vernon, but doesn't clear NJ's legal appeal line (100.00%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 SILVER STAR CT UNIT 2 | 2025-12 | $285,000 | 1,648 | 111.2% |
| 1 VILLAGE WAY, UNIT 3 | 2025-04 | $225,000 | 1,563 | 86.6% |
| 17 VILLAGE WAY, UNIT 7 | 2026-02 | $270,000 | 1,534 | 91.6% |
| 20 AUGUSTA DR UNIT 1 | 2025-12 | $290,000 | 1,820 | 100.0% |
| 8 SUNRISE DR UNIT 7 | 2025-11 | $290,000 | 1,820 | 99.1% |
| 12 AUGUSTA DR UNIT 1 | 2025-09 | $290,000 | 1,820 | 97.4% |
| 6 AUGUSTA DR UNIT 5 | 2025-04 | $327,000 | 1,820 | 82.8% |
| 1 POINT O'WOODS TER U 1 | 2025-04 | $330,000 | 1,820 | 86.7% |
| 31 MEADOW LANE | 2026-06 | $390,000 | 1,736 | 83.0% |
| 3 SNOWMASS CT UNIT 1 | 2025-04 | $325,000 | 1,794 | 90.1% |
| 2 EAGLE NEST DR UNIT 1 | 2026-01 | $250,000 | 1,496 | 86.4% |
| 11 ROLLING HILLS RD | 2025-08 | $520,000 | 1,601 | 76.3% |
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