The Fair Share Report
11 Eric Rd
Harrison, NJ 08062
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.
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Step 1 · Market value
Likely range $277,091 – $355,549, from 12 comparable Harrison 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 Harrison assessments sit below market value — republished every October, applied town-wide. A $290,778 home should be assessed near $174,874.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,874 below what the ratio math suggests (19.9%).
Step 4 · The tax rate — same for every Harrison home
$1.902 Schools · 58% $0.747 County · 23% $0.651 Town · 20%
Step 5 · The bill
This home vs. every recent Harrison sale · assessed ÷ market
34%75%
Keep quiet and enjoy it
This home's assessment ratio sits below the Harrison pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 640 CLEMS RUN | 2025-09 | $170,000 | 1,108 | 84.4% |
| 30 FOSTERTOWN LN | 2025-07 | $315,000 | 1,371 | 50.2% |
| 314 STONEHOUSE LN | 2025-07 | $325,000 | 1,376 | 52.6% |
| 312 CHICKORY TRL | 2025-05 | $450,000 | 1,330 | 48.4% |
| 206 STRAWBRIDGE LN | 2025-02 | $311,000 | 1,303 | 52.2% |
| 22 FOSTERTOWN LN | 2025-08 | $301,000 | 1,315 | 53.5% |
| 623 MONARDA TRL | 2026-03 | $370,000 | 1,372 | 57.7% |
| 403 WOODRUFF TRL | 2026-03 | $355,000 | 1,372 | 63.0% |
| 203 FOXGLOVE TRL | 2025-12 | $380,000 | 1,330 | 59.9% |
| 229 STRAWBRIDGE LN | 2026-02 | $355,000 | 1,426 | 58.6% |
| 19 FOSTERTOWN LN | 2025-06 | $320,000 | 1,336 | 53.7% |
| 113 ALLENS LN | 2025-11 | $256,000 | 1,348 | 50.7% |
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