The Fair Share Report
5A Leva Dr
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 $450,634 – $483,671, 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 $473,276 home should be assessed near $345,397.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $280,397 below what the ratio math suggests (81.2%).
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 $7.070 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
8%89%
Keep quiet and enjoy it
This home's assessment ratio sits below the Morris pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 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% |
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 63 VILLAGE DR | 2026-02 | $525,000 | 1,266 | 72.4% |
| 21 WITHERSPOON CT | 2025-05 | $560,000 | 1,332 | 63.4% |
| 28 WILDFLOWER LN | 2026-02 | $500,000 | 1,387 | 78.4% |
| 19 CAROLINE FOSTER CT | 2025-08 | $575,000 | 1,387 | 70.7% |
| 24 BYRON AVE | 2025-02 | $600,000 | 1,392 | 70.3% |
| 5 SHELLEY PL | 2025-01 | $650,000 | 1,392 | 72.9% |
| 25 CADENCE CT | 2026-05 | $675,000 | 1,336 | 63.1% |
| 523 PITNEY PL | 2025-12 | $380,000 | 930 | 55.2% |
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