The Fair Share Report
408 Bishop Rd
Harrison, NJ 08062
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 $544,792 – $692,885, from 12 comparable Harrison 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 Harrison assessments sit below market value — republished every October, applied town-wide. A $614,288 home should be assessed near $369,433.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,233 below what the ratio math suggests (3.3%).
Step 4 · The tax rate — same for every Harrison home
$1.902 Schools · 58% $0.747 County · 23% $0.651 Town · 20%
Step 5 · The bill
This home vs. every recent Harrison sale · assessed ÷ market
42%75%
Paying about right
This home's ratio lands inside Harrison'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 |
|---|---|---|---|---|
| 244 WALTERS RD | 2025-05 | $475,000 | 2,588 | 54.8% |
| 317 CLEMS RUN | 2025-10 | $612,500 | 2,368 | 58.2% |
| 434 BISHOP RD | 2025-04 | $320,000 | 3,170 | 75.4% |
| 741 BARNSBORO RD | 2026-04 | $850,000 | 2,533 | 44.4% |
| 210 DILLONS LN | 2025-09 | $800,000 | 2,659 | 54.9% |
| 537 CLEMS RUN | 2026-01 | $475,000 | 2,034 | 55.2% |
| 537 CLEMS RUN | 2025-01 | $450,000 | 2,034 | 58.3% |
| 503 RAMBLESIDE CT | 2025-02 | $625,000 | 2,684 | 63.3% |
| 29 PEACH RIDGE DR | 2025-03 | $610,000 | 2,581 | 57.5% |
| 251 MULLICA HILL RD | 2025-12 | $449,900 | 2,274 | 47.5% |
| 14 LANGE CT | 2025-09 | $728,562 | 2,748 | 57.5% |
| 15 WOODLAND AVE | 2026-01 | $530,000 | 2,308 | 56.0% |
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