The Fair Share Report
6 Redner 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.
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Step 1 · Market value
Likely range $765,044 – $1,064,854, 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 $929,785 home should be assessed near $678,557.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $117,357 below what the ratio math suggests (17.3%).
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
47%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 |
|---|---|---|---|---|
| 1 REDNER RD | 2025-06 | $820,000 | 2,370 | 73.2% |
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 7 SHERWOOD DR | 2025-12 | $790,000 | 2,035 | 60.9% |
| 34 BYRON AVE | 2026-04 | $800,000 | 2,117 | 61.9% |
| 25 NORTHBRIDGE PL | 2025-06 | $860,000 | 1,912 | 61.1% |
| 80 INDEPENDENCE WAY | 2026-02 | $817,500 | 1,912 | 59.8% |
| 20 WILDFLOWER LN | 2025-06 | $590,000 | 1,880 | 69.8% |
| 19 RAVEN DR | 2025-06 | $769,000 | 2,004 | 66.2% |
| 18 WARREN DR | 2025-06 | $950,000 | 2,262 | 76.5% |
| 9 BRANT PL | 2025-09 | $999,999 | 2,238 | 71.5% |
| 12 STEWART DR | 2025-07 | $799,000 | 2,412 | 60.5% |
| 16 CABELL CT | 2025-09 | $1,151,000 | 2,521 | 56.2% |
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