The Fair Share Report
300 Ferrell Rd
So 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 $688,271 – $811,178, from 12 comparable South 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 South Harrison assessments sit below market value — republished every October, applied town-wide. A $773,381 home should be assessed near $457,300.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,500 below what the ratio math suggests (15.6%).
Step 4 · The tax rate — same for every South Harrison home
$2.212 Schools · 67% $0.783 County · 24% $0.311 Town · 9%
Step 5 · The bill
This home vs. every recent South Harrison sale · assessed ÷ market
40%73%
Paying about right
This home's ratio lands inside South Harrison'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 |
|---|---|---|---|---|
| 105 CEDAR GROVE RD | 2026-05 | $750,000 | 2,946 | 50.4% |
| 105 CEDAR GROVE RD | 2025-11 | $715,000 | 2,946 | 52.8% |
| 104 DANTON LN | 2025-12 | $800,000 | 3,098 | 49.5% |
| 6 SHADYBROOK RD | 2025-10 | $710,000 | 3,123 | 51.8% |
| 20 SWEET BRIAR CT | 2025-03 | $867,000 | 3,032 | 48.8% |
| 19 SWEET BRIAR CT | 2025-05 | $765,000 | 3,012 | 53.7% |
| 122 JOANNE CT | 2026-05 | $1,037,500 | 3,224 | 53.9% |
| 108 DANTON LN | 2026-02 | $840,000 | 3,382 | 52.5% |
| 101 DANTON LN | 2025-07 | $792,500 | 3,454 | 51.3% |
| 812 LINCOLN RD | 2026-02 | $800,000 | 2,365 | 45.4% |
| 24 FOX HAVEN LN | 2026-01 | $930,000 | 3,511 | 52.4% |
| 2A LAUREL DR | 2025-12 | $875,000 | 3,876 | 61.1% |
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