The Fair Share Report
8 Eric Rd
Harrison, NJ 08062
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.
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Step 1 · Market value
Likely range $332,847 – $384,874, from 12 comparable Harrison sales in the past 18 months, at this home's 1,546 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Harrison assessments sit below market value — republished every October, applied town-wide. A $365,153 home should be assessed near $219,603.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $58,103 below what the ratio math suggests (26.5%).
Step 4 · The tax rate — same for every Harrison home
$1.902 Schools · 58% $0.747 County · 23% $0.651 Town · 20%
Step 5 · The bill
This home vs. every recent Harrison sale · assessed ÷ market
37%75%
Keep quiet and enjoy it
This home's assessment ratio sits below the Harrison 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 |
|---|---|---|---|---|
| 65 S MAIN ST | 2025-05 | $315,000 | 1,546 | 49.8% |
| 37 N MAIN ST | 2026-05 | $335,000 | 1,556 | 47.5% |
| 114 ALLENS LN | 2025-02 | $265,000 | 1,556 | 51.7% |
| 606 MONARDA TRL | 2025-06 | $415,900 | 1,586 | 57.7% |
| 212 STRAWBRIDGE LN | 2025-07 | $340,000 | 1,616 | 63.6% |
| 229 STRAWBRIDGE LN | 2026-02 | $355,000 | 1,426 | 58.6% |
| 314 STONEHOUSE LN | 2025-07 | $325,000 | 1,376 | 52.6% |
| 30 FOSTERTOWN LN | 2025-07 | $315,000 | 1,371 | 50.2% |
| 322 CHICKORY TRL | 2025-12 | $375,000 | 1,535 | 67.1% |
| 239 STRAWBRIDGE LN | 2026-05 | $360,000 | 1,627 | 50.4% |
| 701 CHICKORY TRL | 2026-05 | $380,000 | 1,535 | 55.5% |
| 623 MONARDA TRL | 2026-03 | $370,000 | 1,372 | 57.7% |
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