The Fair Share Report
241 Bishop Rd
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 $495,860 – $641,846, 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 $600,084 home should be assessed near $360,891.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,891 below what the ratio math suggests (7.5%).
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 |
|---|---|---|---|---|
| 244 WALTERS RD | 2025-05 | $475,000 | 2,588 | 54.8% |
| 29 PEACH RIDGE DR | 2025-03 | $610,000 | 2,581 | 57.5% |
| 15 WOODLAND AVE | 2026-01 | $530,000 | 2,308 | 56.0% |
| 251 MULLICA HILL RD | 2025-12 | $449,900 | 2,274 | 47.5% |
| 14 LANGE CT | 2025-09 | $728,562 | 2,748 | 57.5% |
| 110 BRIARWOOD RD | 2025-04 | $560,000 | 2,666 | 54.4% |
| 705 MALUS CT | 2026-02 | $649,900 | 3,029 | 62.2% |
| 109 BROOKSIDE WAY | 2025-06 | $700,000 | 2,962 | 55.7% |
| 503 RAMBLESIDE CT | 2025-02 | $625,000 | 2,684 | 63.3% |
| 1401 SWAN LN | 2025-09 | $687,000 | 2,544 | 49.0% |
| 207 DILLONS LN | 2026-04 | $852,000 | 2,804 | 47.4% |
| 210 DILLONS LN | 2025-09 | $800,000 | 2,659 | 54.9% |
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