The Fair Share Report
508 Central Ave
Harrison, NJ 07078
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 $510,640 – $869,649, 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 $747,876 home should be assessed near $518,951.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $75,249 above what the ratio math suggests (14.5%).
Step 4 · The tax rate — same for every Harrison home
$0.806 Schools · 34% $0.490 County · 21% $1.087 Town · 46%
Step 5 · The bill
This home vs. every recent Harrison sale · assessed ÷ market
47%122%
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 |
|---|---|---|---|---|
| 309 JERSEY ST | 2025-02 | $998,000 | — | 75.2% |
| 308 DAVIS AVE | 2026-04 | $755,000 | 2,815 | 66.1% |
| 425 CLEVELAND AVE | 2026-04 | $750,000 | 2,825 | 68.9% |
| 714 N FIFTH ST | 2025-04 | $675,000 | 2,765 | 68.6% |
| 222 JERSEY ST | 2025-03 | $509,000 | 2,884 | 103.1% |
| 228 PATTERSON ST | 2025-08 | $865,000 | 2,892 | 51.6% |
| 400 DAVIS AVE | 2025-04 | $960,000 | 2,616 | 57.2% |
| 745 HAMILTON ST | 2026-01 | $540,000 | 2,700 | 98.8% |
| 105 DAVIS AVE | 2025-02 | $550,000 | 2,542 | 85.0% |
| 46 HARRISON AVE | 2025-07 | $835,000 | 3,084 | 56.5% |
| 311 RODGERS BLVD S | 2025-06 | $400,000 | 2,326 | 90.0% |
| 228 HAMILTON ST | 2025-12 | $850,000 | 2,320 | 57.7% |
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