The Fair Share Report
11 Spring Brook Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $872,376 – $1,174,383, from 12 comparable Morris 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 Morris assessments sit below market value — republished every October, applied town-wide. A $988,051 home should be assessed near $721,080.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $133,320 above what the ratio math suggests (18.5%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
50%103%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 55 MENDHAM AVE | 2025-06 | $700,000 | 2,742 | 66.9% |
| 46 JUNARD DR | 2026-06 | $893,000 | 2,731 | 68.0% |
| 63 SKYLINE DR | 2025-07 | $950,000 | 2,670 | 58.0% |
| 131 KITCHELL RD | 2025-05 | $1,125,000 | 2,375 | 69.4% |
| 66 SKYLINE DR | 2026-01 | $1,175,000 | 2,714 | 82.9% |
| 63 SPRING BROOK RD | 2025-06 | $999,999 | 2,311 | 65.3% |
| 9 BEECHWOOD DR | 2026-01 | $900,000 | 2,695 | 74.9% |
| 15 SQUIRREL RUN | 2025-08 | $950,000 | 2,487 | 80.9% |
| 1 JARDINE CT | 2026-01 | $940,000 | 2,522 | 63.3% |
| 20 PEPPERIDGE RD | 2025-11 | $989,000 | 2,700 | 61.0% |
| 19 WHITNEY FARM PL | 2025-08 | $1,100,000 | 2,595 | 63.8% |
| 36 CABELL CT | 2025-01 | $956,000 | 2,595 | 73.8% |
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