The Fair Share Report
9 Millstone Ct
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 $850,554 – $1,513,499, 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 $1,219,407 home should be assessed near $889,923.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,077 above what the ratio math suggests (7.8%).
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
50%118%
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 |
|---|---|---|---|---|
| 39 EGBERT AVE | 2025-10 | $885,000 | 2,932 | 82.0% |
| 52 SCHOOL HOUSE LN | 2026-02 | $1,593,500 | 2,795 | 68.5% |
| 11 WHEATSHEAF FARM RD | 2025-06 | $1,850,000 | 3,599 | 60.8% |
| 9 JONES DR | 2025-03 | $864,900 | 3,207 | 104.8% |
| 9 JONATHAN SMITH RD | 2026-04 | $1,600,000 | 4,069 | 60.5% |
| 24 VAN BEUREN RD | 2026-04 | $850,000 | 3,977 | 118.4% |
| 32 LORD WM PENN DR | 2025-10 | $905,000 | 2,529 | 74.1% |
| 6 MAGNOLIA CT | 2025-08 | $1,420,000 | 3,446 | 72.1% |
| 19 WHITNEY FARM PL | 2025-08 | $1,100,000 | 2,595 | 63.8% |
| 36 CABELL CT | 2025-01 | $956,000 | 2,595 | 73.8% |
| 55 MENDHAM AVE | 2025-06 | $700,000 | 2,742 | 66.9% |
| 6 HOWLAND TER | 2026-05 | $1,200,000 | 4,295 | 61.4% |
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