The Fair Share Report
4 Gates Rd
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.
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Step 1 · Market value
Likely range $939,920 – $1,090,202, from 12 comparable Morris sales in the past 18 months, at this home's 2,238 sq ft.
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 $999,999 home should be assessed near $729,799.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $65,399 below what the ratio math suggests (9.0%).
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%89%
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 |
|---|---|---|---|---|
| 9 BRANT PL | 2025-09 | $999,999 | 2,238 | 71.5% |
| 18 WARREN DR | 2025-06 | $950,000 | 2,262 | 76.5% |
| 11 GATES RD | 2025-07 | $980,000 | 2,176 | 65.9% |
| 12 WARREN DR | 2025-04 | $1,060,000 | 2,176 | 68.9% |
| 3 CARRINGTON WAY | 2026-02 | $1,175,000 | — | 66.1% |
| 23 FILLMORE DR | 2026-04 | $1,280,000 | 2,444 | 59.2% |
| 18 FILLMORE DR | 2025-09 | $985,000 | 2,444 | 72.0% |
| 11 WOLFF RD | 2025-09 | $1,400,000 | 2,444 | 57.6% |
| 27 WILSON DR | 2026-04 | $1,300,000 | 2,444 | 58.6% |
| 13 WARREN DR | 2025-02 | $850,000 | 1,980 | 80.2% |
| 16 CABELL CT | 2025-09 | $1,151,000 | 2,521 | 56.2% |
| 19 WHITNEY FARM PL | 2025-08 | $1,100,000 | 2,595 | 63.8% |
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