The Fair Share Report

7 Kitchell Rd

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

≈ $1,024,363

Likely range $975,753 – $1,208,734, 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 $1,024,363 home should be assessed near $747,580.

Step 3 · Assessed value

$825,000

Set at the last town-wide revaluation and mostly frozen since. That's $77,420 above what the ratio math suggests (10.4%).

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

$16,236/yr
Public schools$9,468
Morris County$2,501
Town of Morris$4,267
Morris average$11,253

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

Town median 66.5%
This home · 80.5%

50%90%

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 BEECHWOOD DR2026-01$900,0002,69574.9%
14 TURTLE RD2025-08$999,9992,56060.9%
54 CHIMNEY RIDGE DR2025-12$850,0002,47166.5%
4 DICKENS CT2025-08$1,100,0002,70365.3%
63 SKYLINE DR2025-07$950,0002,67058.0%
8 TRACY CT2025-10$800,0002,33758.4%
5 JASON LN2025-06$1,124,0003,01161.2%
66 SKYLINE DR2026-01$1,175,0002,71482.9%
139 WOODLAND AVE2026-01$845,0002,43763.8%
15 EMMETT AVE2025-12$869,0003,03660.1%
2 CRAIG CT2025-10$870,0002,68466.2%
9 WESTMINSTER PL2025-06$930,0002,44566.1%

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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 →