The Fair Share Report
7 Fairview Pl
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 $482,311 – $692,474, 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 $582,546 home should be assessed near $425,142.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,742 below what the ratio math suggests (23.7%).
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
41%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 |
|---|---|---|---|---|
| 389 SOUTH ST | 2025-04 | $675,000 | 1,451 | 59.9% |
| 97 BURNHAM RD | 2025-10 | $775,000 | 1,564 | 76.7% |
| 97 WOODLAND AVE | 2025-09 | $695,000 | 1,398 | 56.3% |
| 400 SOUTH ST | 2025-10 | $495,000 | 1,320 | 69.6% |
| 400 SOUTH ST | 2025-08 | $425,000 | 1,320 | 81.0% |
| 116 WESTERN AVE | 2025-04 | $525,000 | 1,506 | 58.9% |
| 71 BURNHAM RD | 2025-10 | $630,000 | 1,436 | 54.4% |
| 249 MARTIN LUTHER KING AV | 2026-02 | $408,000 | 1,248 | 47.5% |
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 17 MESLAR RD | 2026-01 | $703,017 | 1,739 | 58.5% |
| 1 CONKLIN AVE | 2026-03 | $620,000 | 1,778 | 80.5% |
| 28 WILDFLOWER LN | 2026-02 | $500,000 | 1,387 | 78.4% |
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