The Fair Share Report
503 Mandarin Ct
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.
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Step 1 · Market value
Likely range $582,029 – $639,628, 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 $615,017 home should be assessed near $369,871.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,471 below what the ratio math suggests (13.1%).
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 |
|---|---|---|---|---|
| 31 ORCHARD DR | 2025-03 | $637,250 | 2,551 | 60.1% |
| 126 CIDER PRESS DR | 2026-05 | $610,600 | 2,504 | 54.2% |
| 1 PEACHTREE LN | 2025-10 | $565,000 | 2,498 | 55.4% |
| 27 TURTLE CREEK DR | 2025-03 | $619,000 | 2,425 | 52.8% |
| 1427 SWAN LN | 2025-09 | $596,000 | 2,300 | 53.1% |
| 201 HARRISON RIDGE DR | 2025-02 | $610,000 | 2,410 | 60.7% |
| 1401 SWAN LN | 2025-09 | $687,000 | 2,544 | 49.0% |
| 136 CIDER PRESS DR | 2025-01 | $525,000 | 2,204 | 53.1% |
| 313 WINDSOR RD | 2025-06 | $653,000 | 2,600 | 56.9% |
| 102 MALLARD CT | 2025-02 | $610,000 | 2,163 | 55.1% |
| 607 APPLE DR | 2026-04 | $650,000 | 2,802 | 46.1% |
| 308 SNOW GOOSE LN | 2026-02 | $550,000 | 2,128 | 51.5% |
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