The Fair Share Report
12 Farview Rd
Millburn, NJ 07041
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 $1,797,277 – $2,137,874, from 12 comparable Millburn sales in the past 18 months, at this home's 2,640 sq ft.
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 $2,004,466 home should be assessed near $1,403,527.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $523,327 below what the ratio math suggests (37.3%).
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
36%86%
Keep quiet and enjoy it
This home's assessment ratio sits below the Millburn 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 |
|---|---|---|---|---|
| 61 WESTERN DRIVE | 2026-05 | $1,900,000 | 2,544 | 72.4% |
| 6 TROY DRIVE | 2025-05 | $2,150,000 | 2,764 | 64.0% |
| 16 BRIARWOOD DRIVE | 2025-08 | $1,950,000 | 2,408 | 47.3% |
| 400 OLD SHORT HILLS ROAD | 2025-11 | $1,800,000 | 2,644 | 53.8% |
| 7 HAMPSHIRE ROAD | 2026-04 | $1,999,000 | 2,903 | 68.4% |
| 1026 SOUTH ORANGE AVENUE | 2025-10 | $2,218,800 | 2,605 | 53.9% |
| 32 WELLS LANE | 2025-12 | $2,450,000 | 2,628 | 58.3% |
| 272 GLEN AVENUE | 2026-05 | $2,000,000 | 2,460 | 37.7% |
| 1 ALEXANDER LANE | 2025-09 | $1,700,000 | 2,239 | 53.9% |
| 111 PARSONAGE HILL ROAD | 2026-06 | $1,900,000 | 2,414 | 56.6% |
| 128 GREAT HILLS ROAD | 2026-04 | $2,300,000 | 3,082 | 42.4% |
| 67 GREAT HILLS ROAD | 2025-10 | $1,500,000 | 2,513 | 69.7% |
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