The Fair Share Report
15 Elder Dr
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 $717,771 – $862,255, 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 $734,980 home should be assessed near $536,388.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $106,288 below what the ratio math suggests (19.8%).
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
44%89%
Keep quiet and enjoy it
This home's assessment ratio sits below the Morris 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 |
|---|---|---|---|---|
| 26 BROOKFIELD WAY | 2025-11 | $980,000 | 1,832 | 62.4% |
| 3 GREEN KNOLLS RD | 2025-03 | $770,000 | 1,841 | 68.2% |
| 17 NORMANDY BLVD E | 2025-06 | $1,425,000 | 1,928 | 49.7% |
| 16 LIDGERWOOD PL | 2025-10 | $800,000 | 1,725 | 66.3% |
| 30 EDGEHILL AVE | 2025-03 | $790,000 | 1,976 | 63.2% |
| 25 FLORENCE AVE | 2025-02 | $750,000 | 1,843 | 61.4% |
| 9 GREEN KNOLLS RD | 2025-11 | $785,500 | 1,928 | 56.3% |
| 31 E HANOVER AVE | 2026-01 | $555,000 | 1,456 | 57.1% |
| 17 MESLAR RD | 2026-01 | $703,017 | 1,739 | 58.5% |
| 33 COLONIAL DR | 2025-12 | $880,000 | 1,710 | 62.7% |
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 43 CRESCENT DR | 2025-06 | $800,000 | 2,073 | 74.4% |
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