The Fair Share Report

382 Brainards Rd

Harmony, NJ 08008

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.

Step 1 · Market value

≈ $703,162

Likely range $556,507 – $703,162, from 6 comparable Harmony sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

58.37%

The state's official measure of how far Harmony assessments sit below market value — republished every October, applied town-wide. A $703,162 home should be assessed near $410,436.

Step 3 · Assessed value

$384,800

Set at the last town-wide revaluation and mostly frozen since. That's $25,636 below what the ratio math suggests (6.2%).

Step 4 · The tax rate — same for every Harmony home

$2.665 per $100 assessed

$1.402 Schools · 53% $0.938 County · 35% $0.325 Town · 12%

Step 5 · The bill

$10,255/yr
Public schools$5,395
Warren County$3,609
Town of Harmony$1,251
Harmony average$5,657

This home vs. every recent Harmony sale · assessed ÷ market

Town median 49.1%
This home · 54.7%

36%75%

A touch high — worth watching

This home's ratio sits above most of Harmony, but doesn't clear NJ's legal appeal line (67.13%).

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
16 COUNTRY CLUB LANE2025-05$730,0003,26454.6%
1035 MARBLE HILL ROAD2025-05$489,2402,64451.5%
79 FOX FARM ROAD2025-05$500,0002,93252.0%
3 GREEN VALLEY WAY2025-06$815,0004,18966.6%
9 RIVEREDGE LANE2026-05$560,0002,04646.7%
23 MARNEL ROAD2025-01$455,0001,78651.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →