The Fair Share Report
215 Sherwin Rd
Harrison, NJ 08062
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 $805,004 – $1,059,979, 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 $982,592 home should be assessed near $590,931.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,669 above what the ratio math suggests (4.0%).
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%82%
Paying about right
This home's ratio lands inside Harrison's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 VALLEY LN | 2025-03 | $1,210,000 | 5,082 | 53.6% |
| 69 WOODSTOWN RD | 2025-07 | $695,000 | 4,306 | 66.2% |
| 225 SHERWIN RD | 2025-03 | $840,000 | 4,364 | 74.9% |
| 205 SHERWIN RD | 2026-02 | $1,120,000 | 5,856 | 59.1% |
| 1313 ELLIS MILL RD | 2025-07 | $750,000 | 3,699 | 54.2% |
| 18 LANGE CT | 2025-08 | $1,200,000 | 4,590 | 60.3% |
| 178 WOODSTOWN RD | 2025-08 | $1,213,750 | 5,319 | 60.8% |
| 214 SHIVERS RUN CT | 2025-06 | $695,000 | 4,215 | 84.3% |
| 420 TIMBER LN | 2025-10 | $1,450,000 | 4,926 | 56.5% |
| 107 PREAKNESS DR | 2026-05 | $985,000 | 4,041 | 54.8% |
| 135 PREAKNESS DR | 2026-04 | $1,216,000 | 4,195 | 47.2% |
| 388 WOLFERT STATION RD | 2025-01 | $635,000 | 2,985 | 60.1% |
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