The Fair Share Report
4 Reed 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 $613,599 – $977,981, 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 $918,656 home should be assessed near $670,435.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,465 above what the ratio math suggests (3.2%).
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%118%
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 |
|---|---|---|---|---|
| 32 LORD WM PENN DR | 2025-10 | $905,000 | 2,529 | 74.1% |
| 11 GATES RD | 2025-07 | $980,000 | 2,176 | 65.9% |
| 12 WARREN DR | 2025-04 | $1,060,000 | 2,176 | 68.9% |
| 9 BRANT PL | 2025-09 | $999,999 | 2,238 | 71.5% |
| 39 EGBERT AVE | 2025-10 | $885,000 | 2,932 | 82.0% |
| 18 WARREN DR | 2025-06 | $950,000 | 2,262 | 76.5% |
| 223 WESTERN AVE | 2025-03 | $625,000 | 2,132 | 80.4% |
| 55 RAYNOR RD | 2025-05 | $705,000 | 2,218 | 70.7% |
| 4 BARBERRY RD | 2025-10 | $677,000 | 2,200 | 128.8% |
| 34 WOOD RD | 2026-04 | $675,000 | 2,162 | 76.4% |
| 15 FREDERICK PL | 2026-04 | $999,000 | 2,317 | 55.5% |
| 8 JOHNSTON DR | 2026-05 | $950,000 | 2,173 | 54.7% |
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