The Fair Share Report
1 Sinclair Ter
Millburn, NJ 07078
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 $2,619,270 – $4,032,616, from 12 comparable Millburn 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 Millburn assessments sit below market value — republished every October, applied town-wide. A $3,323,950 home should be assessed near $2,327,430.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,570 above what the ratio math suggests (0.5%).
Step 4 · The tax rate — same for every Millburn home
$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%
Step 5 · The bill
This home vs. every recent Millburn sale · assessed ÷ market
45%95%
Paying about right
This home's ratio lands inside Millburn'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 |
|---|---|---|---|---|
| 195 HIGHLAND AVENUE | 2025-05 | $3,175,000 | 5,913 | 79.2% |
| 33 CRESCENT PLACE | 2025-06 | $3,800,000 | 4,536 | 66.5% |
| 106 TENNYSON DRIVE | 2025-06 | $2,540,800 | 5,227 | 59.9% |
| 2 OAKLAWN ROAD | 2025-07 | $2,408,750 | 4,449 | 72.2% |
| 1 SLOPE DRIVE | 2026-06 | $3,283,150 | 4,032 | 56.8% |
| 50 GROSVENOR ROAD | 2025-10 | $3,200,000 | 4,597 | 63.3% |
| 218 HIGHLAND AVENUE | 2025-09 | $2,675,000 | 4,490 | 72.2% |
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 70 FALMOUTH STREET | 2025-08 | $3,480,000 | 4,542 | 60.3% |
| 23 GROSVENOR ROAD | 2025-08 | $2,850,000 | 4,290 | 71.9% |
| 162 HARTSHORN DRIVE | 2025-12 | $3,350,000 | 5,144 | 79.2% |
| 33 WEST BEECHCROFT ROAD | 2025-06 | $2,612,500 | 5,012 | 39.1% |
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