The Fair Share Report
235 Ferrell Rd
So 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 $500,000 – $720,000, from 12 comparable South Harrison sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far South Harrison assessments sit below market value — republished every October, applied town-wide. A $630,000 home should be assessed near $372,519.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $274,019 below what the ratio math suggests (73.6%).
Step 4 · The tax rate — same for every South Harrison home
$2.212 Schools · 67% $0.783 County · 24% $0.311 Town · 9%
Step 5 · The bill
This home vs. every recent South Harrison sale · assessed ÷ market
8%73%
Keep quiet and enjoy it
This home's assessment ratio sits below the South Harrison pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 RACCOON CREEK CT | 2025-02 | $600,000 | 2,012 | 47.0% |
| 108 CEDAR GROVE RD | 2025-10 | $500,000 | 2,451 | 58.0% |
| 16 S ST JOHNS LN | 2025-02 | $650,000 | 2,934 | 58.9% |
| 467 LINCOLN MILL RD | 2025-02 | $425,000 | 1,858 | 58.4% |
| 948 LINCOLN RD | 2025-02 | $630,000 | 2,361 | 61.8% |
| 730 TOMLIN STATION RD | 2026-05 | $720,000 | 2,152 | 43.4% |
| 673 HARRISONVILLE RD | 2026-02 | $301,000 | 1,160 | 55.6% |
| 705 FRANKLINVILLE RD | 2025-08 | $640,000 | 2,515 | 57.5% |
| 559 FRANKLINVILLE RD | 2026-03 | $650,000 | 2,214 | 46.9% |
| 11 ST JOHNS LN | 2026-05 | $905,000 | 3,286 | 48.6% |
| 1518 COMMISSIONERS RD | 2026-05 | $555,000 | 2,452 | 51.9% |
| 1444 COMMISSIONERS RD | 2025-11 | $750,000 | 3,186 | 56.0% |
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