The Fair Share Report
87 Ferrell Rd
So 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $550,888 – $749,771, from 12 comparable South Harrison 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 South Harrison assessments sit below market value — republished every October, applied town-wide. A $627,022 home should be assessed near $370,758.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,358 below what the ratio math suggests (14.1%).
Step 4 · The tax rate — same for every South Harrison home
$2.212 Schools · 67% $0.783 County · 24% $0.311 Town · 9%
Step 5 · The bill
This home vs. every recent South Harrison sale · assessed ÷ market
37%73%
Paying about right
This home's ratio lands inside South Harrison'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 |
|---|---|---|---|---|
| 705 FRANKLINVILLE RD | 2025-08 | $640,000 | 2,515 | 57.5% |
| 1518 COMMISSIONERS RD | 2026-05 | $555,000 | 2,452 | 51.9% |
| 108 CEDAR GROVE RD | 2025-10 | $500,000 | 2,451 | 58.0% |
| 730 TOMLIN STATION RD | 2026-05 | $720,000 | 2,152 | 43.4% |
| 812 LINCOLN RD | 2026-02 | $800,000 | 2,365 | 45.4% |
| 19 SWEET BRIAR CT | 2025-05 | $765,000 | 3,012 | 53.7% |
| 20 SWEET BRIAR CT | 2025-03 | $867,000 | 3,032 | 48.8% |
| 2 RACCOON CREEK CT | 2025-02 | $600,000 | 2,012 | 47.0% |
| 16 S ST JOHNS LN | 2025-02 | $650,000 | 2,934 | 58.9% |
| 948 LINCOLN RD | 2025-02 | $630,000 | 2,361 | 61.8% |
| 105 CEDAR GROVE RD | 2026-05 | $750,000 | 2,946 | 50.4% |
| 105 CEDAR GROVE RD | 2025-11 | $715,000 | 2,946 | 52.8% |
Is this your house?
Run your own report →