The Fair Share Report

4 Robert St

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.

Step 1 · Market value

≈ $1,069,480

Likely range $937,108 – $1,384,852, from 12 comparable Morris sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

72.98%

The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $1,069,480 home should be assessed near $780,507.

Step 3 · Assessed value

$625,200

Set at the last town-wide revaluation and mostly frozen since. That's $155,307 below what the ratio math suggests (19.9%).

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

$1.968 per $100 assessed

$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%

Step 5 · The bill

$12,304/yr
Public schools$7,175
Morris County$1,895
Town of Morris$3,234
Morris average$11,253

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

Town median 66.5%
This home · 58.5%

40%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)

AddressSoldPriceSq ftRatio
15 SQUIRREL RUN2025-08$950,0002,48780.9%
103 WOODCREST DR2026-02$335,00057.6%
16 CABELL CT2025-09$1,151,0002,52156.2%
1 JARDINE CT2026-01$940,0002,52263.3%
19 WHITNEY FARM PL2025-08$1,100,0002,59563.8%
36 CABELL CT2025-01$956,0002,59573.8%
5 COBBLESTONE LN2025-08$2,025,0002,93648.1%
70 KETCH RD2026-02$1,400,00070.3%
53 LAURA LN2025-03$1,475,0003,10662.7%
47 FIELDSTONE DR2025-09$732,0002,38571.2%
23 FILLMORE DR2026-04$1,280,0002,44459.2%
18 FILLMORE DR2025-09$985,0002,44472.0%

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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 →