The Fair Share Report
11 Maple Ter
Millstone, NJ 08844
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Not enough sales for an honest verdict
Too few comparable recent sales in Millstone to judge fairly — so we won't guess. The town's current median assessment ratio is 89.9%.
Step 2 · The Director's Ratio
The state's official measure of how far Millstone assessments sit below market value — republished every October, applied town-wide.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since.
Step 4 · The tax rate — same for every Millstone home
$1.213 Schools · 56% $0.371 County · 17% $0.569 Town · 26%
This home's own bill implies $1.905 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 45 AMWELL ROAD | 2026-04 | $500,000 | 1,052 | 76.1% |
| 87 AMWELL ROAD | 2026-04 | $861,000 | 2,892 | 68.4% |
| 1404 MAIN STREET | 2025-04 | $730,000 | 2,240 | 89.9% |
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