The Fair Share Report
307 John St
Harrison, NJ 07029
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Harrison's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $422,838 – $717,704, from 12 comparable 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 Harrison assessments sit below market value — republished every October, applied town-wide. A $588,706 home should be assessed near $408,503.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,403 below what the ratio math suggests (5.2%).
Step 4 · The tax rate — same for every Harrison home
$0.806 Schools · 34% $0.490 County · 21% $1.087 Town · 46%
This home's own bill implies $2.319 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Harrison sale · assessed ÷ market
47%97%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 321 WILLIAM ST | 2025-04 | $870,000 | 1,902 | 51.2% |
| 122 CROSS ST | 2025-02 | $600,000 | 1,848 | 61.0% |
| 309 JERSEY ST | 2025-02 | $998,000 | — | 75.2% |
| 509 N FIFTH ST | 2025-11 | $490,000 | 2,007 | 77.5% |
| 319 WILLIAM ST | 2026-05 | $870,000 | 1,744 | 32.0% |
| 319 WILLIAM ST | 2025-05 | $350,000 | 1,744 | 79.5% |
| 218 CLEVELAND AVE | 2025-06 | $745,000 | 2,036 | 59.0% |
| 308 N SECOND ST | 2025-03 | $615,000 | 2,108 | 65.6% |
| 313 WARREN ST | 2025-10 | $475,000 | 1,675 | 55.8% |
| 227 PATTERSON ST | 2025-12 | $700,000 | 2,034 | 74.6% |
| 226 JERSEY ST | 2025-08 | $670,000 | 2,146 | 65.7% |
| 412 WILLIAM ST | 2025-07 | $685,000 | 2,191 | 62.5% |
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