The Fair Share Report
75 Mill Rd
Morris, NJ 07950
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 $778,238 – $936,579, 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 $838,660 home should be assessed near $612,054.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $166,154 below what the ratio math suggests (27.1%).
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
42%89%
Keep quiet and enjoy it
This home's assessment ratio sits below the Morris pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 17 MESLAR RD | 2026-01 | $703,017 | 1,739 | 58.5% |
| 17 NORMANDY BLVD E | 2025-06 | $1,425,000 | 1,928 | 49.7% |
| 16 LIDGERWOOD PL | 2025-10 | $800,000 | 1,725 | 66.3% |
| 97 BURNHAM RD | 2025-10 | $775,000 | 1,564 | 76.7% |
| 30 EDGEHILL AVE | 2025-03 | $790,000 | 1,976 | 63.2% |
| 25 NORTHBRIDGE PL | 2025-06 | $860,000 | 1,912 | 61.1% |
| 80 INDEPENDENCE WAY | 2026-02 | $817,500 | 1,912 | 59.8% |
| 13 WARREN DR | 2025-02 | $850,000 | 1,980 | 80.2% |
| 7 SHERWOOD DR | 2025-12 | $790,000 | 2,035 | 60.9% |
| 97 WOODLAND AVE | 2025-09 | $695,000 | 1,398 | 56.3% |
| 20 WILDFLOWER LN | 2025-06 | $590,000 | 1,880 | 69.8% |
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