The Fair Share Report

16 Vom Eigen 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.

Step 1 · Market value

≈ $943,124

Likely range $820,506 – $1,093,226, from 12 comparable Morris sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

72.98%

The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $943,124 home should be assessed near $688,292.

Step 3 · Assessed value

$689,900

Set at the last town-wide revaluation and mostly frozen since. That's $1,608 above what the ratio math suggests (0.2%).

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

$1.968 per $100 assessed

$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%

Step 5 · The bill

$13,577/yr
Public schools$7,917
Morris County$2,091
Town of Morris$3,569
Morris average$11,253

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

Town median 66.5%
This home · 73.2%

50%90%

Paying about right

This home's ratio lands inside Morris's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
1 JARDINE CT2026-01$940,0002,52263.3%
15 SQUIRREL RUN2025-08$950,0002,48780.9%
27 ELLSWORTH AVE2025-04$1,320,0002,50849.2%
2 CONCORD LN2025-03$1,060,0002,46270.1%
2 CRAIG CT2025-10$870,0002,68466.2%
24 LORD WM PENN DR2026-05$950,0002,27655.9%
54 CHIMNEY RIDGE DR2025-12$850,0002,47166.5%
4 DICKENS CT2025-08$1,100,0002,70365.3%
223 WESTERN AVE2025-03$625,0002,13280.4%
20 CHIMNEY RIDGE DR2025-06$1,125,0002,29565.6%
8 TRACY CT2025-10$800,0002,33758.4%
103 WOODCREST DR2026-02$335,00057.6%

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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 →