The Fair Share Report
5 Robert 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 $513,527 – $666,875, 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 $614,845 home should be assessed near $448,714.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $73,214 below what the ratio math suggests (16.3%).
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
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 |
|---|---|---|---|---|
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 35 CONKLIN AVE | 2025-01 | $575,000 | 1,456 | 71.5% |
| 237 MT KEMBLE AVE | 2025-10 | $522,000 | 1,654 | 68.7% |
| 280 MT KEMBLE AVE | 2025-08 | $385,000 | 1,656 | 84.2% |
| 280 MT KEMBLE AVE | 2025-01 | $275,000 | 1,656 | 117.9% |
| 31 E HANOVER AVE | 2026-01 | $555,000 | 1,456 | 57.1% |
| 33 COLONIAL DR | 2025-12 | $880,000 | 1,710 | 62.7% |
| 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% |
| 489 SUSSEX AVE | 2026-06 | $676,000 | 1,722 | 60.1% |
| 77 HANCOCK DR | 2025-02 | $570,000 | 1,722 | 73.2% |
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