The Fair Share Report
7 Gloucester 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 $463,873 – $883,636, 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 $692,603 home should be assessed near $505,462.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,862 below what the ratio math suggests (8.1%).
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
47%106%
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 |
|---|---|---|---|---|
| 190 MT KEMBLE AVE | 2025-09 | $654,190 | 1,789 | 62.0% |
| 51 FREDERICK PL | 2025-07 | $980,000 | 1,890 | 55.9% |
| 91 LAKE VALLEY RD | 2025-04 | $495,000 | 1,912 | 89.3% |
| 4 ALLEN DR | 2025-08 | $1,210,000 | 1,538 | 59.6% |
| 33 COLONIAL DR | 2025-12 | $880,000 | 1,710 | 62.7% |
| 6 LONGWOOD RD | 2025-09 | $1,299,000 | 1,905 | 62.5% |
| 268 MT KEMBLE AVE | 2025-06 | $430,000 | 1,539 | 115.2% |
| 7 CATALPA RD | 2025-02 | $925,000 | 2,144 | 69.2% |
| 55 RAYNOR RD | 2025-05 | $705,000 | 2,218 | 70.7% |
| 2 HADLEY WAY | 2025-08 | $593,750 | 1,898 | 77.5% |
| 3 ROLLING HILL DR | 2025-08 | $945,000 | 2,224 | 69.2% |
| 27 SKYLINE DR | 2025-09 | $997,500 | 2,184 | 51.4% |
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