The Fair Share Report
508 Pitney Pl
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 $312,236 – $329,000, from 12 comparable Morris sales in the past 18 months, at this home's 745 sq ft.
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 $329,000 home should be assessed near $240,104.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,304 below what the ratio math suggests (1.8%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
This home's own bill implies $1.489 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 228 PITNEY PL | 2026-02 | $329,000 | 745 | 77.0% |
| 116 PITNEY PL | 2025-12 | $329,000 | 745 | 52.3% |
| 415 PITNEY PL | 2026-02 | $329,000 | 785 | 55.0% |
| 523 PITNEY PL | 2025-12 | $380,000 | 930 | 55.2% |
| 36 SHERMAN AVE | 2025-04 | $521,000 | 900 | 54.7% |
| 13 VILLAGE DR | 2025-06 | $470,000 | 1,083 | 70.5% |
| VILLAGE DR COMMON AREA | 2025-03 | $475,000 | 1,083 | 65.2% |
| 15 VILLAGE DR | 2025-01 | $485,000 | 1,083 | 66.2% |
| 155 WESTERN AVE | 2025-09 | $498,500 | 899 | 57.8% |
| 16 DELLWOOD AVE | 2026-01 | $675,000 | 1,106 | 72.8% |
| 63 VILLAGE DR | 2026-02 | $525,000 | 1,266 | 72.4% |
| 21 WITHERSPOON CT | 2025-05 | $560,000 | 1,332 | 63.4% |
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