The Fair Share Report

9 Normandy Blvd E

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.

Step 1 · Market value

≈ $746,388

Likely range $697,068 – $992,275, from 12 comparable Morris sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

72.98%

The state's official measure of how far Morris assessments sit below market value — republished every October, applied town-wide. A $746,388 home should be assessed near $544,714.

Step 3 · Assessed value

$503,700

Set at the last town-wide revaluation and mostly frozen since. That's $41,014 below what the ratio math suggests (7.5%).

Step 4 · The tax rate — same for every Morris home

$1.968 per $100 assessed

$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%

Step 5 · The bill

$9,913/yr
Public schools$5,780
Morris County$1,527
Town of Morris$2,605
Morris average$11,253

This home vs. every recent Morris sale · assessed ÷ market

Town median 66.5%
This home · 67.5%

45%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)

AddressSoldPriceSq ftRatio
3 GREEN KNOLLS RD2025-03$770,0001,84168.2%
26 BROOKFIELD WAY2025-11$980,0001,83262.4%
25 FLORENCE AVE2025-02$750,0001,84361.4%
9 GREEN KNOLLS RD2025-11$785,5001,92856.3%
43 CRESCENT DR2025-06$800,0002,07374.4%
30 TERRY DR2025-02$625,0002,13880.0%
30 EDGEHILL AVE2025-03$790,0001,97663.2%
2 HADLEY WAY2025-08$593,7501,89877.5%
33 COLONIAL DR2025-12$880,0001,71062.7%
9 DOROTHY DR2026-02$920,0002,00467.0%
9 DOROTHY DR2025-06$675,0002,00491.3%
268 MT KEMBLE AVE2025-06$430,0001,539115.2%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →