The Fair Share Report
58 Spring Brook Rd
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 $1,222,412 – $1,605,354, 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 $1,374,210 home should be assessed near $1,002,898.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $120,902 above what the ratio math suggests (12.1%).
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%97%
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 |
|---|---|---|---|---|
| 97 SKYLINE DR | 2026-02 | $1,050,000 | 3,742 | 69.0% |
| 27 CROMWELL DR | 2026-05 | $800,000 | 3,324 | 76.4% |
| 46 BLACKBERRY LN | 2025-11 | $1,130,000 | 3,202 | 62.0% |
| 53 NORTH STAR DR | 2025-08 | $1,090,268 | 3,260 | 58.7% |
| 8 WEST DR | 2026-01 | $1,150,000 | 3,574 | 63.9% |
| 18 WOODRUFF RD | 2025-10 | $1,800,000 | 3,856 | 56.6% |
| 15 BEECHWOOD DR | 2026-03 | $1,417,500 | 3,689 | 49.0% |
| 36 ROLLING HILL DR | 2025-03 | $1,425,000 | 4,410 | 63.2% |
| 4 MILLSTONE CT | 2025-07 | $1,400,000 | 3,682 | 65.8% |
| 183 LAKE RD | 2026-04 | $1,999,000 | 4,175 | 84.4% |
| 46 JUNARD DR | 2026-06 | $893,000 | 2,731 | 68.0% |
| 66 SKYLINE DR | 2026-01 | $1,175,000 | 2,714 | 82.9% |
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