The Fair Share Report
9 Rustic Rd
Vernon, NJ 07422
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 $289,480 – $375,790, 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 $331,125 home should be assessed near $304,436.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,136 below what the ratio math suggests (14.8%).
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 $2.249 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
64%107%
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 |
|---|---|---|---|---|
| 43 PADDOCK AVE | 2025-12 | $240,000 | 873 | 91.7% |
| 6 POLK PL | 2026-01 | $340,000 | 960 | 96.6% |
| 8 MONROE AVE | 2025-07 | $415,000 | 960 | 80.8% |
| 109 GRANDVIEW RD | 2026-06 | $333,000 | 934 | 90.1% |
| 17 VALLEY VIEW ROAD | 2026-05 | $300,000 | 800 | 69.0% |
| 503 POCASSET ROAD | 2025-12 | $375,000 | 780 | 73.5% |
| 25 LAKESIDE DR | 2026-01 | $345,000 | 828 | 86.4% |
| 17 WINDING HILL ROAD | 2025-07 | $350,000 | 954 | 80.4% |
| 37 PADDOCK AVE | 2025-12 | $358,000 | 1,065 | 78.9% |
| 516 UPPER HIGHLAND LK DR | 2026-05 | $310,000 | 728 | 84.7% |
| 238 POHATCONG ROAD | 2025-01 | $287,500 | 735 | 91.1% |
| 20 GLENWOOD LN | 2026-06 | $339,000 | 850 | 68.9% |
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