The Fair Share Report
153 Cedar 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 $786,275 – $901,301, from 12 comparable Harrison sales in the past 18 months, at this home's 3,609 sq ft.
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 $859,644 home should be assessed near $516,990.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $148,490 below what the ratio math suggests (28.7%).
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
35%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 |
|---|---|---|---|---|
| 3 WINDING WAY | 2025-11 | $780,000 | 3,480 | 65.8% |
| 9 WINDING WAY | 2026-05 | $984,192 | 3,728 | 62.3% |
| 29 HUNTERS CREEK CIR | 2025-08 | $857,500 | 3,600 | 61.4% |
| 448 MULLICA HILL RD | 2025-05 | $587,000 | 3,628 | 71.6% |
| 45 HUNTERS CREEK CIR | 2025-07 | $820,000 | 3,543 | 62.9% |
| 407 HARVEST MILL WAY | 2025-07 | $950,000 | 3,804 | 50.7% |
| 205 SHETLAND CT | 2025-05 | $825,000 | 3,436 | 52.2% |
| 7 EAGLE DR | 2025-10 | $670,000 | 3,219 | 55.5% |
| 208 HICKORY LN | 2025-09 | $905,000 | 3,543 | 60.9% |
| 36 EAGLE DR | 2025-05 | $700,000 | 3,213 | 55.1% |
| 102 BROOKSIDE WAY | 2026-01 | $740,000 | 3,211 | 55.8% |
| 128 PREAKNESS DR | 2026-01 | $967,000 | 3,880 | 56.0% |
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