The Fair Share Report
7 Alpine 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 $875,566 – $1,211,520, 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 $1,033,460 home should be assessed near $754,219.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $96,519 below what the ratio math suggests (12.8%).
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
49%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 |
|---|---|---|---|---|
| 9 BEECHWOOD DR | 2026-01 | $900,000 | 2,695 | 74.9% |
| 9 WESTMINSTER PL | 2025-06 | $930,000 | 2,445 | 66.1% |
| 14 TURTLE RD | 2025-08 | $999,999 | 2,560 | 60.9% |
| 63 SKYLINE DR | 2025-07 | $950,000 | 2,670 | 58.0% |
| 66 SKYLINE DR | 2026-01 | $1,175,000 | 2,714 | 82.9% |
| 54 CHIMNEY RIDGE DR | 2025-12 | $850,000 | 2,471 | 66.5% |
| 2 CONCORD LN | 2025-03 | $1,060,000 | 2,462 | 70.1% |
| 27 ELLSWORTH AVE | 2025-04 | $1,320,000 | 2,508 | 49.2% |
| 20 CHIMNEY RIDGE DR | 2025-06 | $1,125,000 | 2,295 | 65.6% |
| 139 WOODLAND AVE | 2026-01 | $845,000 | 2,437 | 63.8% |
| 55 MENDHAM AVE | 2025-06 | $700,000 | 2,742 | 66.9% |
| 63 SPRING BROOK RD | 2025-06 | $999,999 | 2,311 | 65.3% |
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