The Fair Share Report
116 Silver Spring Rd
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 $1,692,833 – $2,199,508, 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 $1,978,834 home should be assessed near $1,385,580.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $285,580 below what the ratio math suggests (20.6%).
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 |
|---|---|---|---|---|
| 6 TROY DRIVE | 2025-05 | $2,150,000 | 2,764 | 64.0% |
| 200 OLD SHORT HILLS ROAD | 2025-06 | $1,810,000 | 3,040 | 55.1% |
| 2 WEST BEECHCROFT ROAD | 2025-03 | $2,094,000 | 3,168 | 77.7% |
| 7 FALMOUTH STREET | 2024-12 | $2,310,000 | 3,018 | 55.1% |
| 61 WESTERN DRIVE | 2026-05 | $1,900,000 | 2,544 | 72.4% |
| 67 GREAT HILLS ROAD | 2025-10 | $1,500,000 | 2,513 | 69.7% |
| 39 BROWNING ROAD | 2025-01 | $2,200,000 | 2,874 | 58.0% |
| 7 HAMPSHIRE ROAD | 2026-04 | $1,999,000 | 2,903 | 68.4% |
| 128 GREAT HILLS ROAD | 2026-04 | $2,300,000 | 3,082 | 42.4% |
| 80 CANOE BROOK ROAD | 2026-05 | $1,750,000 | 3,092 | 70.8% |
| 400 OLD SHORT HILLS ROAD | 2025-11 | $1,800,000 | 2,644 | 53.8% |
| 423 LONG HILL DRIVE | 2026-04 | $1,995,000 | 3,234 | 60.0% |
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