The Fair Share Report

6C 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.

Step 1 · Market value

≈ $633,974

Likely range $566,826 – $676,269, from 12 comparable Morris sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

72.98%

The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $633,974 home should be assessed near $462,674.

Step 3 · Assessed value

$349,300

Set at the last town-wide revaluation and mostly frozen since. That's $113,374 below what the ratio math suggests (24.5%).

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

$1.968 per $100 assessed

$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%

Step 5 · The bill

$6,874/yr
Public schools$4,009
Morris County$1,059
Town of Morris$1,807
Morris average$11,253

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

Town median 66.5%
This home · 55.1%

46%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)

AddressSoldPriceSq ftRatio
90 HANCOCK DR2025-08$595,0001,70063.1%
90 WILDFLOWER LN2025-03$580,0001,70067.5%
489 SUSSEX AVE2026-06$676,0001,72260.1%
77 HANCOCK DR2025-02$570,0001,72273.2%
17 PILGRIM CT2025-06$750,0001,71267.2%
103 WOODCREST DR2026-02$335,00057.6%
20 WILDFLOWER LN2025-06$590,0001,88069.8%
19 RAVEN DR2025-06$769,0002,00466.2%
4 INDEPENDENCE WAY2025-01$650,0001,74475.7%
63 VILLAGE DR2026-02$525,0001,26672.4%
28 WILDFLOWER LN2026-02$500,0001,38778.4%
19 CAROLINE FOSTER CT2025-08$575,0001,38770.7%

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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 →