The Fair Share Report
247 Bishop Rd
Harrison, NJ 08074
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 $334,309 – $484,577, 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 $401,032 home should be assessed near $241,181.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,419 above what the ratio math suggests (10.1%).
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%85%
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 |
|---|---|---|---|---|
| 219 ALLENS LN | 2026-05 | $315,000 | 2,068 | 51.6% |
| 219 ALLENS LN | 2025-03 | $300,000 | 2,068 | 54.1% |
| 115 FRANKLIN DR | 2025-06 | $555,000 | 1,983 | 54.3% |
| 537 CLEMS RUN | 2026-01 | $475,000 | 2,034 | 55.2% |
| 537 CLEMS RUN | 2025-01 | $450,000 | 2,034 | 58.3% |
| 1280 ELLIS MILL RD | 2025-01 | $400,000 | 1,980 | 59.9% |
| 251 MULLICA HILL RD | 2025-12 | $449,900 | 2,274 | 47.5% |
| 244 WALTERS RD | 2025-05 | $475,000 | 2,588 | 54.8% |
| 280 HIGH ST | 2025-07 | $485,000 | 1,852 | 59.0% |
| 205 ALLENS LN | 2026-06 | $305,000 | 1,742 | 45.6% |
| 130 ALLENS LN | 2025-06 | $295,000 | 1,742 | 46.9% |
| 15 WOODLAND AVE | 2026-01 | $530,000 | 2,308 | 56.0% |
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