The Fair Share Report
29 Kitchell Rd
Morris, NJ 07960
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 $1,846,351 – $2,574,146, from 7 comparable Morris sales in the past 18 months, at this home's 6,870 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $2,079,828 home should be assessed near $1,517,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $491,942 above what the ratio math suggests (32.4%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
50%114%
A touch high — worth watching
This home's ratio sits above most of Morris, but doesn't clear NJ's legal appeal line (83.93%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 182 WASHINGTON VALLEY RD | 2026-02 | $2,600,000 | 6,939 | 69.3% |
| 16 HILLTOP CIR | 2025-04 | $1,900,000 | 6,276 | 74.8% |
| 62 CANFIELD RD | 2025-12 | $2,110,000 | 7,851 | 90.0% |
| 5 JONATHAN SMITH RD | 2025-10 | $1,635,000 | 5,547 | 68.2% |
| 13 EAST COVE LN | 2025-09 | $1,450,000 | 6,095 | 75.6% |
| 9 JONATHAN SMITH RD | 2026-04 | $1,600,000 | 4,069 | 60.5% |
| 12 EAGLE NEST RD | 2025-07 | $1,550,000 | 4,362 | 58.6% |
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