The Fair Share Report

61 Millbrook Rd

Harding, NJ 07976

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.

Step 1 · Market value

≈ $2,333,509

Likely range $2,140,741 – $2,758,827, from 12 comparable Harding sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

74.57%

The state's official measure of how far Harding assessments sit below market value — republished every October, applied town-wide. A $2,333,509 home should be assessed near $1,740,098.

Step 3 · Assessed value

$1,721,900

Set at the last town-wide revaluation and mostly frozen since. That's $18,198 below what the ratio math suggests (1.0%).

Step 4 · The tax rate — same for every Harding home

$1.234 per $100 assessed

$0.580 Schools · 47% $0.299 County · 24% $0.355 Town · 29%

Step 5 · The bill

$21,248/yr
Public schools$9,987
Morris County$5,148
Town of Harding$6,113
Harding average$15,976

This home vs. every recent Harding sale · assessed ÷ market

Town median 64.2%
This home · 73.8%

46%94%

Paying about right

This home's ratio lands inside Harding's normal band. The drift hasn't singled it out — no case for a tax appeal.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
72 VILLAGE RD2025-11$2,850,0005,23459.1%
25 FOX HUNT RD2025-05$2,550,0005,57778.5%
12 WHITE DEER LN2025-02$1,650,0005,04794.3%
676 SPRING VALLEY RD2025-11$2,400,0005,30671.7%
106 COLONIAL DR2026-02$1,995,0005,68669.1%
7 CEDAR HILL DR2025-10$3,550,0004,71028.6%
58 BROOK DR SOUTH2026-06$1,407,0005,13569.0%
80 GLEN ALPIN RD2025-06$2,300,0005,41068.1%
687 SPRING VALLEY RD2025-05$2,200,0004,23760.5%
73 VILLAGE RD2025-07$3,325,0004,36044.7%
110 COLONIAL DR2025-08$1,880,0003,84467.6%
12 FAIRCHILD LN2025-07$1,850,0004,38461.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →