The Fair Share Report
4 Warwick 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 $729,917 – $1,024,987, 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 $765,378 home should be assessed near $558,573.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,527 above what the ratio math suggests (4.0%).
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 $1.925 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%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 |
|---|---|---|---|---|
| 8 TRACY CT | 2025-10 | $800,000 | 2,337 | 58.4% |
| 8 JOHNSTON DR | 2026-05 | $950,000 | 2,173 | 54.7% |
| 4 BARBERRY RD | 2025-10 | $677,000 | 2,200 | 128.8% |
| 20 CHIMNEY RIDGE DR | 2025-06 | $1,125,000 | 2,295 | 65.6% |
| 9 DOROTHY DR | 2026-02 | $920,000 | 2,004 | 67.0% |
| 9 DOROTHY DR | 2025-06 | $675,000 | 2,004 | 91.3% |
| 30 TERRY DR | 2025-02 | $625,000 | 2,138 | 80.0% |
| 54 CHIMNEY RIDGE DR | 2025-12 | $850,000 | 2,471 | 66.5% |
| 223 WESTERN AVE | 2025-03 | $625,000 | 2,132 | 80.4% |
| 43 CRESCENT DR | 2025-06 | $800,000 | 2,073 | 74.4% |
| 4 BARBERRY RD | 2026-01 | $1,200,000 | — | 72.7% |
| 27 ELLSWORTH AVE | 2025-04 | $1,320,000 | 2,508 | 49.2% |
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