The Fair Share Report
3 Second St
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 $807,991 – $972,739, 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 $879,497 home should be assessed near $641,857.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $191,857 below what the ratio math suggests (29.9%).
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
41%89%
Keep quiet and enjoy it
This home's assessment ratio sits below the Morris pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 CONKLIN AVE | 2026-03 | $620,000 | 1,778 | 80.5% |
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 17 MESLAR RD | 2026-01 | $703,017 | 1,739 | 58.5% |
| 17 NORMANDY BLVD E | 2025-06 | $1,425,000 | 1,928 | 49.7% |
| 13 WARREN DR | 2025-02 | $850,000 | 1,980 | 80.2% |
| 97 BURNHAM RD | 2025-10 | $775,000 | 1,564 | 76.7% |
| 30 EDGEHILL AVE | 2025-03 | $790,000 | 1,976 | 63.2% |
| 11 GATES RD | 2025-07 | $980,000 | 2,176 | 65.9% |
| 12 WARREN DR | 2025-04 | $1,060,000 | 2,176 | 68.9% |
| 80 INDEPENDENCE WAY | 2026-02 | $817,500 | 1,912 | 59.8% |
| 16 LIDGERWOOD PL | 2025-10 | $800,000 | 1,725 | 66.3% |
| 9 BRANT PL | 2025-09 | $999,999 | 2,238 | 71.5% |
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