The Fair Share Report
8 Gregory Ave
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 $629,678 – $868,097, 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 $760,827 home should be assessed near $555,252.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $149,052 below what the ratio math suggests (26.8%).
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
41%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1 CONKLIN AVE | 2026-03 | $620,000 | 1,778 | 80.5% |
| 116 WESTERN AVE | 2025-04 | $525,000 | 1,506 | 58.9% |
| 17 NORMANDY BLVD E | 2025-06 | $1,425,000 | 1,928 | 49.7% |
| 80 INDEPENDENCE WAY | 2026-02 | $817,500 | 1,912 | 59.8% |
| 11 SHERMAN AVE | 2025-05 | $750,000 | 1,768 | 53.7% |
| 17 MESLAR RD | 2026-01 | $703,017 | 1,739 | 58.5% |
| 16 LIDGERWOOD PL | 2025-10 | $800,000 | 1,725 | 66.3% |
| 25 NORTHBRIDGE PL | 2025-06 | $860,000 | 1,912 | 61.1% |
| 13 WARREN DR | 2025-02 | $850,000 | 1,980 | 80.2% |
| 389 SOUTH ST | 2025-04 | $675,000 | 1,451 | 59.9% |
| 30 EDGEHILL AVE | 2025-03 | $790,000 | 1,976 | 63.2% |
| 400 SOUTH ST | 2025-10 | $495,000 | 1,320 | 69.6% |
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