The Fair Share Report
2 Hickory Dr
Harrison, NJ 08062
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 Harrison's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $753,802 – $848,650, from 12 comparable Harrison 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 Harrison assessments sit below market value — republished every October, applied town-wide. A $783,183 home should be assessed near $471,006.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $906 below what the ratio math suggests (0.2%).
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
42%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 402 NASTASI CT | 2025-09 | $776,000 | 3,280 | 68.0% |
| 31 FAWN HOLLOW LN | 2025-03 | $950,000 | 3,375 | 49.8% |
| 131 PREAKNESS DR | 2025-11 | $775,000 | 3,272 | 61.3% |
| 208 HICKORY LN | 2025-09 | $905,000 | 3,543 | 60.9% |
| 205 SHETLAND CT | 2025-05 | $825,000 | 3,436 | 52.2% |
| 45 HUNTERS CREEK CIR | 2025-07 | $820,000 | 3,543 | 62.9% |
| 36 EAGLE DR | 2025-05 | $700,000 | 3,213 | 55.1% |
| 102 BROOKSIDE WAY | 2026-01 | $740,000 | 3,211 | 55.8% |
| 29 HUNTERS CREEK CIR | 2025-08 | $857,500 | 3,600 | 61.4% |
| 121 WHITE OWL TRL | 2026-02 | $750,000 | 3,046 | 53.2% |
| 7 EAGLE DR | 2025-10 | $670,000 | 3,219 | 55.5% |
| 207 MARIA ELENA DR | 2026-05 | $910,000 | 3,255 | 48.5% |
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