The Fair Share Report
287 Cedar Rd
Harrison, NJ 08062
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 $304,475 – $453,652, from 12 comparable Harrison sales in the past 18 months, at this home's 1,739 sq ft.
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 $425,773 home should be assessed near $256,060.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $125,040 above what the ratio math suggests (48.8%).
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%131%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (69.16%) — roughly $4,126/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 205 ALLENS LN | 2026-06 | $305,000 | 1,742 | 45.6% |
| 130 ALLENS LN | 2025-06 | $295,000 | 1,742 | 46.9% |
| 114 ALLENS LN | 2025-02 | $265,000 | 1,556 | 51.7% |
| 259 CLEMS RUN | 2025-06 | $615,000 | 2,398 | 51.1% |
| 113 ALLENS LN | 2025-11 | $256,000 | 1,348 | 50.7% |
| 466 WOODRUFF TRL | 2025-05 | $459,000 | 1,733 | 57.2% |
| 713 CHICKORY TRL | 2026-04 | $444,000 | 1,702 | 49.8% |
| 762 CHICKORY TRL | 2025-05 | $420,000 | 1,624 | 62.1% |
| 401 JOSEPHINE LN | 2026-06 | $580,000 | 1,968 | 50.3% |
| 23 WOODSTOWN RD | 2025-06 | $320,000 | 1,696 | 63.0% |
| 606 MONARDA TRL | 2025-06 | $415,900 | 1,586 | 57.7% |
| 9 POPLAR CT | 2025-06 | $530,000 | 1,792 | 49.5% |
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