The Fair Share Report

7 Kitchell 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.

Step 1 · Market value

≈ $809,190

Likely range $649,618 – $903,928, 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 $809,190 home should be assessed near $590,547.

Step 3 · Assessed value

$510,900

Set at the last town-wide revaluation and mostly frozen since. That's $79,647 below what the ratio math suggests (13.5%).

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

$10,055/yr
Public schools$5,863
Morris County$1,549
Town of Morris$2,643
Morris average$11,253

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

Town median 66.5%
This home · 63.1%

50%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
9 DOROTHY DR2026-02$920,0002,00467.0%
9 DOROTHY DR2025-06$675,0002,00491.3%
30 EDGEHILL AVE2025-03$790,0001,97663.2%
8 JOHNSTON DR2026-05$950,0002,17354.7%
80 INDEPENDENCE WAY2026-02$817,5001,91259.8%
8 TRACY CT2025-10$800,0002,33758.4%
12 STEWART DR2025-07$799,0002,41260.5%
25 NORTHBRIDGE PL2025-06$860,0001,91261.1%
25 FLORENCE AVE2025-02$750,0001,84361.4%
9 GREEN KNOLLS RD2025-11$785,5001,92856.3%
43 CRESCENT DR2025-06$800,0002,07374.4%
4 BARBERRY RD2025-10$677,0002,200128.8%

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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 →