The Fair Share Report
16 Exeter Ln
Morris, NJ 07960
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Morris's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,048,343 – $1,583,630, 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 $1,206,790 home should be assessed near $880,715.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,785 above what the ratio math suggests (5.1%).
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%94%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 DARNAY RD | 2026-04 | $1,150,000 | 3,078 | 65.7% |
| 53 LAURA LN | 2025-03 | $1,475,000 | 3,106 | 62.7% |
| 32 VALLEY VIEW ST WEST | 2025-12 | $999,999 | 3,292 | 72.6% |
| 5 COBBLESTONE LN | 2025-08 | $2,025,000 | 2,936 | 48.1% |
| 62 KETCH RD | 2025-07 | $910,000 | 3,496 | 76.8% |
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 70 KETCH RD | 2026-02 | $1,400,000 | — | 70.3% |
| 25 GLIMPSEWOOD LN | 2024-12 | $1,400,000 | 3,570 | 65.7% |
| 18 WOODRUFF RD | 2025-10 | $1,800,000 | 3,856 | 56.6% |
| 5 JASON LN | 2025-06 | $1,124,000 | 3,011 | 61.2% |
| 27 CROMWELL DR | 2026-05 | $800,000 | 3,324 | 76.4% |
| 15 SQUIRREL RUN | 2025-08 | $950,000 | 2,487 | 80.9% |
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