The Fair Share Report
408 Clems Run
Harrison, NJ 08062
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
The numbers support an appeal
Even at the cautious end of the range, this home's ratio clears NJ's Chapter 123 line (69.16%) — roughly $3,362/yr at stake. NJ appeals are generally due April 1.
Step 1 · Market value
Likely range $537,314 – $661,645, from 12 comparable Harrison sales in the past 18 months, at this home's 2,558 sq ft.
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 $595,659 home should be assessed near $358,229.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,871 above what the ratio math suggests (28.4%).
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%91%
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% |
| 741 BARNSBORO RD | 2026-04 | $850,000 | 2,533 | 44.4% |
| 434 BISHOP RD | 2025-04 | $320,000 | 3,170 | 75.4% |
| 210 DILLONS LN | 2025-09 | $800,000 | 2,659 | 54.9% |
| 29 PEACH RIDGE DR | 2025-03 | $610,000 | 2,581 | 57.5% |
| 503 RAMBLESIDE CT | 2025-02 | $625,000 | 2,684 | 63.3% |
| 15 WOODLAND AVE | 2026-01 | $530,000 | 2,308 | 56.0% |
| 14 LANGE CT | 2025-09 | $728,562 | 2,748 | 57.5% |
| 251 MULLICA HILL RD | 2025-12 | $449,900 | 2,274 | 47.5% |
| 537 CLEMS RUN | 2026-01 | $475,000 | 2,034 | 55.2% |
| 537 CLEMS RUN | 2025-01 | $450,000 | 2,034 | 58.3% |
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