The Fair Share Report

19 Kitchell 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.

Step 1 · Market value

≈ $1,599,250

Likely range $1,059,139 – $2,091,944, 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 $1,599,250 home should be assessed near $1,167,133.

Step 3 · Assessed value

$1,207,100

Set at the last town-wide revaluation and mostly frozen since. That's $39,967 above what the ratio math suggests (3.4%).

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

$23,756/yr
Public schools$13,852
Morris County$3,659
Town of Morris$6,244
Morris average$11,253

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

Town median 66.5%
This home · 75.5%

50%119%

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
6 HOWLAND TER2026-05$1,200,0004,29561.4%
3 CARRINGTON WAY2026-02$1,175,00066.1%
11 WHEATSHEAF FARM RD2025-06$1,850,0003,59960.8%
183 LAKE RD2026-04$1,999,0004,17584.4%
25 GLIMPSEWOOD LN2024-12$1,400,0003,57065.7%
4 STRATFORD CT2025-03$2,200,0004,01457.3%
36 ROLLING HILL DR2025-03$1,425,0004,41063.2%
62 KETCH RD2025-07$910,0003,49676.8%
18 WOODRUFF RD2025-10$1,800,0003,85656.6%
35 SPRING BROOK RD2025-02$1,775,0004,43474.6%
32 VALLEY VIEW ST WEST2025-12$999,9993,29272.6%
8 WEST DR2026-01$1,150,0003,57463.9%

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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 →