The Fair Share Report
9 Tower Ln
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 $905,000 – $1,900,000, from 12 comparable Morris sales in the past 18 months.
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 $1,550,000 home should be assessed near $1,131,190.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $853,090 below what the ratio math suggests (75.4%).
Step 4 · The tax rate — same for every Morris home
$1.147 Schools · 58% $0.303 County · 15% $0.517 Town · 26%
This home's own bill implies $4.557 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Morris sale · assessed ÷ market
9%89%
Keep quiet and enjoy it
This home's assessment ratio sits below the Morris 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 |
|---|---|---|---|---|
| 16 HILLTOP CIR | 2025-04 | $1,900,000 | 6,276 | 74.8% |
| 9 JONATHAN SMITH RD | 2026-04 | $1,600,000 | 4,069 | 60.5% |
| 32 LORD WM PENN DR | 2025-10 | $905,000 | 2,529 | 74.1% |
| 5 JONATHAN SMITH RD | 2025-10 | $1,635,000 | 5,547 | 68.2% |
| 4 MILLSTONE CT | 2025-07 | $1,400,000 | 3,682 | 65.8% |
| 39 EGBERT AVE | 2025-10 | $885,000 | 2,932 | 82.0% |
| 4 RANNEY HILL RD | 2025-10 | $1,999,999 | 4,552 | 52.3% |
| 12 EAGLE NEST RD | 2025-07 | $1,550,000 | 4,362 | 58.6% |
| 103 WOODCREST DR | 2026-02 | $335,000 | — | 57.6% |
| 182 WASHINGTON VALLEY RD | 2026-02 | $2,600,000 | 6,939 | 69.3% |
| 2 SKYLINE DR | 2025-10 | $855,000 | 2,570 | 57.6% |
| 15 FREDERICK PL | 2026-04 | $999,000 | 2,317 | 55.5% |
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