The Fair Share Report

10 Fairview Pl

Morris, NJ 07960

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

≈ $634,125

Likely range $521,853 – $822,059, from 12 comparable Morris sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

72.98%

The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $634,125 home should be assessed near $462,784.

Step 3 · Assessed value

$387,500

Set at the last town-wide revaluation and mostly frozen since. That's $75,284 below what the ratio math suggests (16.3%).

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

$1.968 per $100 assessed

$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%

Step 5 · The bill

$7,626/yr
Public schools$4,447
Morris County$1,175
Town of Morris$2,004
Morris average$11,253

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

Town median 66.5%
This home · 61.1%

42%89%

Paying about right

This home's ratio lands inside Morris'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
1 CONKLIN AVE2026-03$620,0001,77880.5%
280 MT KEMBLE AVE2025-08$385,0001,65684.2%
280 MT KEMBLE AVE2025-01$275,0001,656117.9%
237 MT KEMBLE AVE2025-10$522,0001,65468.7%
116 WESTERN AVE2025-04$525,0001,50658.9%
400 SOUTH ST2025-10$495,0001,32069.6%
400 SOUTH ST2025-08$425,0001,32081.0%
33 COLONIAL DR2025-12$880,0001,71062.7%
389 SOUTH ST2025-04$675,0001,45159.9%
16 LIDGERWOOD PL2025-10$800,0001,72566.3%
31 E HANOVER AVE2026-01$555,0001,45657.1%
17 MESLAR RD2026-01$703,0171,73958.5%

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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 →