The Fair Share Report
240 Clems Run
Harrison, NJ 08033
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.
Not enough sales for an honest verdict
Too few comparable recent sales in Harrison to judge fairly — so we won't guess. The town's current median assessment ratio is 55.4%.
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.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
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
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 121 COLSON LN | 2025-07 | $344,000 | 1,248 | 60.2% |
| 123 CLEMS RUN | 2025-11 | $429,900 | 1,352 | 51.8% |
| 22 HIGH ST | 2025-08 | $330,000 | 1,060 | 50.9% |
| 521 CLEMS RUN | 2026-05 | $495,000 | 1,526 | 45.9% |
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