The Fair Share Report
11 Pine Ter E
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 $1,866,093 – $2,391,117, 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 $2,077,819 home should be assessed near $1,454,889.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $252,989 below what the ratio math suggests (17.4%).
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%86%
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 |
|---|---|---|---|---|
| 89 MAPLE STREET | 2025-07 | $1,893,000 | 2,958 | 63.5% |
| 20 RIDGE TERRACE | 2025-08 | $2,595,000 | 3,115 | 47.7% |
| 70 WEST RD. | 2025-08 | $2,100,000 | 2,640 | 53.5% |
| 38 CAMPBELL ROAD | 2025-03 | $1,790,000 | 2,656 | 57.4% |
| 83 MOUNTAINVIEW ROAD | 2025-08 | $1,750,000 | 2,739 | 53.1% |
| 66 WHITNEY ROAD | 2025-07 | $2,150,000 | 2,426 | 53.6% |
| 67 WEST ROAD | 2026-06 | $2,130,650 | 2,799 | 56.3% |
| 67 WEST ROAD | 2025-06 | $1,900,000 | 2,799 | 63.2% |
| 42 HADDONFIELD ROAD | 2025-07 | $2,200,000 | 2,989 | 64.7% |
| 75 FARLEY ROAD | 2025-07 | $2,160,000 | 2,609 | 63.1% |
| 39 BROWNING ROAD | 2025-01 | $2,200,000 | 2,874 | 58.0% |
| 32 WELLS LANE | 2025-12 | $2,450,000 | 2,628 | 58.3% |
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