The Fair Share Report
4 Jonathan Smith 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $929,714 – $1,524,561, 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 $1,281,457 home should be assessed near $935,207.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $130,793 above what the ratio math suggests (14.0%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
This home's own bill implies $1.817 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
50%120%
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 JONATHAN SMITH RD | 2026-04 | $1,600,000 | 4,069 | 60.5% |
| 9 JONES DR | 2025-03 | $864,900 | 3,207 | 104.8% |
| 11 WHEATSHEAF FARM RD | 2025-06 | $1,850,000 | 3,599 | 60.8% |
| 32 LORD WM PENN DR | 2025-10 | $905,000 | 2,529 | 74.1% |
| 4 MILLSTONE CT | 2025-07 | $1,400,000 | 3,682 | 65.8% |
| 4 RANNEY HILL RD | 2025-10 | $1,999,999 | 4,552 | 52.3% |
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 39 EGBERT AVE | 2025-10 | $885,000 | 2,932 | 82.0% |
| 6 MAGNOLIA CT | 2025-08 | $1,420,000 | 3,446 | 72.1% |
| 24 VAN BEUREN RD | 2026-04 | $850,000 | 3,977 | 118.4% |
| 5 JONATHAN SMITH RD | 2025-10 | $1,635,000 | 5,547 | 68.2% |
| 12 EAGLE NEST RD | 2025-07 | $1,550,000 | 4,362 | 58.6% |
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