The Fair Share Report
264 Clems Run
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 $284,405 – $513,753, 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 $400,037 home should be assessed near $240,582.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,482 below what the ratio math suggests (7.7%).
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
38%84%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 217 ALLENS LN | 2025-05 | $259,000 | 1,699 | 53.1% |
| 335 ALLENS LN | 2025-08 | $315,000 | 1,742 | 45.0% |
| 584 CLEMS RUN | 2025-06 | $425,000 | 1,734 | 58.7% |
| 521 CLEMS RUN | 2026-05 | $495,000 | 1,526 | 45.9% |
| 205 ALLENS LN | 2026-06 | $305,000 | 1,742 | 45.6% |
| 130 ALLENS LN | 2025-06 | $295,000 | 1,742 | 46.9% |
| 123 CLEMS RUN | 2025-11 | $429,900 | 1,352 | 51.8% |
| 537 CLEMS RUN | 2026-01 | $475,000 | 2,034 | 55.2% |
| 537 CLEMS RUN | 2025-01 | $450,000 | 2,034 | 58.3% |
| 280 HIGH ST | 2025-07 | $485,000 | 1,852 | 59.0% |
| 121 COLSON LN | 2025-07 | $344,000 | 1,248 | 60.2% |
| 114 ALLENS LN | 2025-02 | $265,000 | 1,556 | 51.7% |
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