The Fair Share Report
14 Arrowhead 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 $702,148 – $1,042,818, 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 $954,773 home should be assessed near $696,793.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $86,607 above what the ratio math suggests (12.4%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
This home's own bill implies $1.936 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
50%117%
A touch high — worth watching
This home's ratio sits above most of Morris, but doesn't clear NJ's legal appeal line (83.93%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 FREDERICK PL | 2026-04 | $999,000 | 2,317 | 55.5% |
| 34 WOOD RD | 2026-04 | $675,000 | 2,162 | 76.4% |
| 2 SKYLINE DR | 2025-10 | $855,000 | 2,570 | 57.6% |
| 32 LORD WM PENN DR | 2025-10 | $905,000 | 2,529 | 74.1% |
| 8 CROMWELL DR | 2026-04 | $999,999 | 2,522 | 60.9% |
| 47 FIELDSTONE DR | 2025-09 | $732,000 | 2,385 | 71.2% |
| 39 EGBERT AVE | 2025-10 | $885,000 | 2,932 | 82.0% |
| 6 LONGWOOD RD | 2025-09 | $1,299,000 | 1,905 | 62.5% |
| 23 FILLMORE DR | 2026-04 | $1,280,000 | 2,444 | 59.2% |
| 27 WILSON DR | 2026-04 | $1,300,000 | 2,444 | 58.6% |
| 11 WOLFF RD | 2025-09 | $1,400,000 | 2,444 | 57.6% |
| 18 FILLMORE DR | 2025-09 | $985,000 | 2,444 | 72.0% |
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