The Fair Share Report

64 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

≈ $1,349,741

Likely range $943,292 – $1,513,319, 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 $1,349,741 home should be assessed near $1,006,502.

Step 3 · Assessed value

$601,700

Set at the last town-wide revaluation and mostly frozen since. That's $404,802 below what the ratio math suggests (40.2%).

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%

This home's own bill implies $1.192 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).

Step 5 · The bill

$7,175/yr
Public schools$3,372
Morris County$1,739
Town of Harding$2,064
Harding average$15,976

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

Town median 64.2%
This home · 44.6%

34%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
474 MT KEMBLE AVE2025-06$820,0002,70467.5%
175 SAND SPRING RD2025-05$1,175,0002,28457.5%
15 GLEN ALPIN RD2025-06$775,0001,95873.2%
24 LAKE TRAIL WEST2025-07$1,250,0002,10050.5%
26 BLACKWELL AVE2025-05$1,400,0002,20855.4%
44 PRIMROSE TRL2025-06$1,200,0002,84460.2%
29 VILLAGE RD2026-03$1,400,0002,50753.8%
198 VILLAGE RD2026-06$1,425,0002,45359.6%
44 MILLBROOK RD2026-06$1,780,0002,90256.8%
41 VILLAGE RD2025-11$2,000,0002,95648.3%
53 POST HOUSE RD2026-01$1,445,0002,28464.2%
5 ST CLAIR RD2026-05$1,530,0002,78649.8%

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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 →