The Fair Share Report
20 Spring Brook 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $937,652 – $1,192,342, 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 $1,032,598 home should be assessed near $753,590.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $132,810 above what the ratio math suggests (17.6%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
This home's own bill implies $1.940 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
50%100%
A touch high — worth watching
This home's ratio sits above most of Morris, but doesn't clear NJ's legal appeal line (83.93%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 46 JUNARD DR | 2026-06 | $893,000 | 2,731 | 68.0% |
| 46 BLACKBERRY LN | 2025-11 | $1,130,000 | 3,202 | 62.0% |
| 55 MENDHAM AVE | 2025-06 | $700,000 | 2,742 | 66.9% |
| 53 NORTH STAR DR | 2025-08 | $1,090,268 | 3,260 | 58.7% |
| 8 CROMWELL DR | 2026-04 | $999,999 | 2,522 | 60.9% |
| 66 SKYLINE DR | 2026-01 | $1,175,000 | 2,714 | 82.9% |
| 27 CROMWELL DR | 2026-05 | $800,000 | 3,324 | 76.4% |
| 20 PEPPERIDGE RD | 2025-11 | $989,000 | 2,700 | 61.0% |
| 5 COBBLESTONE LN | 2025-08 | $2,025,000 | 2,936 | 48.1% |
| 63 SKYLINE DR | 2025-07 | $950,000 | 2,670 | 58.0% |
| 2 SKYLINE DR | 2025-10 | $855,000 | 2,570 | 57.6% |
| 53 LAURA LN | 2025-03 | $1,475,000 | 3,106 | 62.7% |
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