The Fair Share Report
516 Howey Dr
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $339,648 – $406,595, from 12 comparable Harrison sales in the past 18 months, at this home's 1,372 sq ft.
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 $375,000 home should be assessed near $225,525.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $30,425 below what the ratio math suggests (13.5%).
Step 4 · The tax rate — same for every Harrison home
$1.902 Schools · 58% $0.747 County · 23% $0.651 Town · 20%
This home's own bill implies $3.277 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 623 MONARDA TRL | 2026-03 | $370,000 | 1,372 | 57.7% |
| 403 WOODRUFF TRL | 2026-03 | $355,000 | 1,372 | 63.0% |
| 779 CHICKORY TRL | 2025-01 | $410,000 | 1,372 | 51.3% |
| 436 WOODRUFF TRL | 2026-03 | $428,900 | 1,383 | 57.0% |
| 422 WOODRUFF TRL | 2025-10 | $410,000 | 1,398 | 56.1% |
| 312 CHICKORY TRL | 2025-05 | $450,000 | 1,330 | 48.4% |
| 730 CHICKORY TRL | 2025-12 | $375,000 | 1,372 | 52.9% |
| 761 CHICKORY TRL | 2025-03 | $414,300 | 1,398 | 55.7% |
| 203 FOXGLOVE TRL | 2025-12 | $380,000 | 1,330 | 59.9% |
| 606 MONARDA TRL | 2025-06 | $415,900 | 1,586 | 57.7% |
| 322 CHICKORY TRL | 2025-12 | $375,000 | 1,535 | 67.1% |
| 701 CHICKORY TRL | 2026-05 | $380,000 | 1,535 | 55.5% |
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