The Fair Share Report
3 Bell Dr
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 $741,769 – $1,026,109, from 12 comparable Morris 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 Morris assessments sit below market value — republished every October, applied town-wide. A $843,466 home should be assessed near $615,561.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,839 above what the ratio math suggests (5.8%).
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%93%
Paying about right
This home's ratio lands inside Morris'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 |
|---|---|---|---|---|
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 8 TRACY CT | 2025-10 | $800,000 | 2,337 | 58.4% |
| 2 CRAIG CT | 2025-10 | $870,000 | 2,684 | 66.2% |
| 8 JOHNSTON DR | 2026-05 | $950,000 | 2,173 | 54.7% |
| 4 BARBERRY RD | 2025-10 | $677,000 | 2,200 | 128.8% |
| 4 DICKENS CT | 2025-08 | $1,100,000 | 2,703 | 65.3% |
| 20 CHIMNEY RIDGE DR | 2025-06 | $1,125,000 | 2,295 | 65.6% |
| 1 JARDINE CT | 2026-01 | $940,000 | 2,522 | 63.3% |
| 5 JASON LN | 2025-06 | $1,124,000 | 3,011 | 61.2% |
| 24 LORD WM PENN DR | 2026-05 | $950,000 | 2,276 | 55.9% |
| 54 CHIMNEY RIDGE DR | 2025-12 | $850,000 | 2,471 | 66.5% |
| 27 ELLSWORTH AVE | 2025-04 | $1,320,000 | 2,508 | 49.2% |
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