The Fair Share Report
5 Cherry 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $602,243 – $830,274, 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 $727,677 home should be assessed near $531,059.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,359 below what the ratio math suggests (22.5%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
44%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 |
|---|---|---|---|---|
| 116 WESTERN AVE | 2025-04 | $525,000 | 1,506 | 58.9% |
| 389 SOUTH ST | 2025-04 | $675,000 | 1,451 | 59.9% |
| 1 CONKLIN AVE | 2026-03 | $620,000 | 1,778 | 80.5% |
| 25 NORTHBRIDGE PL | 2025-06 | $860,000 | 1,912 | 61.1% |
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 20 WILDFLOWER LN | 2025-06 | $590,000 | 1,880 | 69.8% |
| 489 SUSSEX AVE | 2026-06 | $676,000 | 1,722 | 60.1% |
| 77 HANCOCK DR | 2025-02 | $570,000 | 1,722 | 73.2% |
| 80 INDEPENDENCE WAY | 2026-02 | $817,500 | 1,912 | 59.8% |
| 90 HANCOCK DR | 2025-08 | $595,000 | 1,700 | 63.1% |
| 90 WILDFLOWER LN | 2025-03 | $580,000 | 1,700 | 67.5% |
| 97 BURNHAM RD | 2025-10 | $775,000 | 1,564 | 76.7% |
Is this your house?
Run your own report →