The Fair Share Report
416 Timber Ln
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 $908,074 – $1,264,447, 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 $1,161,930 home should be assessed near $698,785.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,715 above what the ratio math suggests (3.8%).
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%85%
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 |
|---|---|---|---|---|
| 185 WOODLAND AVE | 2026-03 | $970,000 | 4,979 | 60.7% |
| 143 SALVATORE DR | 2025-08 | $1,200,000 | 4,640 | 58.3% |
| 420 TIMBER LN | 2025-10 | $1,450,000 | 4,926 | 56.5% |
| 307 SALARNO CT | 2025-08 | $1,200,000 | 5,162 | 58.1% |
| 214 SHIVERS RUN CT | 2025-06 | $695,000 | 4,215 | 84.3% |
| 18 LANGE CT | 2025-08 | $1,200,000 | 4,590 | 60.3% |
| 135 PREAKNESS DR | 2026-04 | $1,216,000 | 4,195 | 47.2% |
| 107 PREAKNESS DR | 2026-05 | $985,000 | 4,041 | 54.8% |
| 225 SHERWIN RD | 2025-03 | $840,000 | 4,364 | 74.9% |
| 105 HICKORY CT | 2025-08 | $975,000 | 4,034 | 27.2% |
| 408 TIMBER LN | 2025-03 | $1,170,000 | 6,127 | 66.5% |
| 128 PREAKNESS DR | 2026-01 | $967,000 | 3,880 | 56.0% |
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