The Fair Share Report

25 Millbrook Rd

Harding, NJ 07976

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.

Step 1 · Market value

≈ $703,811

Likely range $551,762 – $829,762, from 12 comparable Harding sales in the past 18 months, at this home's 1,394 sq ft.

Step 2 · The Director's Ratio

74.57%

The state's official measure of how far Harding assessments sit below market value — republished every October, applied town-wide. A $703,811 home should be assessed near $524,832.

Step 3 · Assessed value

$455,400

Set at the last town-wide revaluation and mostly frozen since. That's $69,432 below what the ratio math suggests (13.2%).

Step 4 · The tax rate — same for every Harding home

$1.234 per $100 assessed

$0.580 Schools · 47% $0.299 County · 24% $0.355 Town · 29%

This home's own bill implies $1.179 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$5,370/yr
Public schools$2,524
Morris County$1,301
Town of Harding$1,545
Harding average$15,976

This home vs. every recent Harding sale · assessed ÷ market

Town median 64.2%
This home · 64.7%

46%94%

Paying about right

This home's ratio lands inside Harding's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
31 VILLAGE RD2025-10$620,0001,22858.7%
33 MILLBROOK RD2025-12$560,0001,39570.4%
46 BLUE MILL RD2025-01$781,0001,23548.9%
175 SAND SPRING RD2025-05$1,175,0002,28457.5%
24 LAKE TRAIL WEST2025-07$1,250,0002,10050.5%
42 BLUE MILL RD2025-08$590,0001,63291.6%
15 GLEN ALPIN RD2025-06$775,0001,95873.2%
44 PRIMROSE TRL2025-06$1,200,0002,84460.2%
12 SPRUCE LN2025-01$662,0001,54571.4%
11 SHADOWBROOK LN2025-12$830,0001,38452.3%
474 MT KEMBLE AVE2025-06$820,0002,70467.5%
26 BLACKWELL AVE2025-05$1,400,0002,20855.4%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →