The Fair Share Report

12 Millbrook Rd

Harding, NJ 07933

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

≈ $1,089,756

Likely range $836,565 – $1,385,443, from 12 comparable Harding sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

74.57%

The state's official measure of how far Harding assessments sit below market value — republished every October, applied town-wide. A $1,089,756 home should be assessed near $812,631.

Step 3 · Assessed value

$482,300

Set at the last town-wide revaluation and mostly frozen since. That's $330,331 below what the ratio math suggests (40.6%).

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

$1.234 per $100 assessed

$0.580 Schools · 47% $0.299 County · 24% $0.355 Town · 29%

Step 5 · The bill

$5,952/yr
Public schools$2,797
Morris County$1,442
Town of Harding$1,712
Harding average$15,976

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

Town median 64.2%
This home · 44.3%

29%94%

Keep quiet and enjoy it

This home's assessment ratio sits below the Harding 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)

AddressSoldPriceSq ftRatio
175 SAND SPRING RD2025-05$1,175,0002,28457.5%
24 LAKE TRAIL WEST2025-07$1,250,0002,10050.5%
44 PRIMROSE TRL2025-06$1,200,0002,84460.2%
26 BLACKWELL AVE2025-05$1,400,0002,20855.4%
474 MT KEMBLE AVE2025-06$820,0002,70467.5%
25 MILLBROOK RD2026-06$680,0001,39467.0%
15 GLEN ALPIN RD2025-06$775,0001,95873.2%
44 MILLBROOK RD2026-06$1,780,0002,90256.8%
31 VILLAGE RD2025-10$620,0001,22858.7%
33 MILLBROOK RD2025-12$560,0001,39570.4%
7 SHADOWBROOK LN2025-11$860,0002,27961.6%
8 FOREST DALE DR2026-03$825,0002,13459.5%

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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 →