The Fair Share Report

126 Spring St

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

≈ $1,402,734

Likely range $1,197,127 – $1,594,458, from 12 comparable Millburn sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

70.02%

The state's official measure of how far Millburn assessments sit below market value — republished every October, applied town-wide. A $1,402,734 home should be assessed near $982,194.

Step 3 · Assessed value

$520,500

Set at the last town-wide revaluation and mostly frozen since. That's $461,694 below what the ratio math suggests (47.0%).

Step 4 · The tax rate — same for every Millburn home

$2.019 per $100 assessed

$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%

Step 5 · The bill

$10,509/yr

Public schools$5,379

Essex County$2,359

Town of Millburn$2,770

Millburn average$26,292

This home vs. every recent Millburn sale · assessed ÷ market

Town median 60.8%

Appeal line 80.52%

This home · 37.1%

27%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
114 SHORT HILLS AVENUE	2025-12	$1,330,000	1,920	65.6%
86 CEDAR STREET	2025-07	$1,600,000	2,415	61.7%
16 DUNCAN STREET	2025-06	$1,700,000	2,079	70.5%
241 MAIN STREET	2025-02	$735,000	1,700	72.6%
103 CYPRESS STREET	2025-07	$1,406,000	2,300	56.0%
92 HOBART AVENUE	2026-04	$1,370,000	2,191	72.6%
425 WYOMING AVENUE	2026-04	$1,450,000	2,473	57.4%
110 WELLINGTON AVENUE	2025-06	$1,600,000	2,075	56.9%
115 HOBART AVENUE	2025-01	$1,685,000	2,359	73.0%
59 CHURCH STREET	2025-09	$1,100,000	2,174	54.8%
32 MARION AVENUE	2025-06	$1,620,000	2,070	65.8%
62 WHITTINGHAM TERRACE	2025-04	$1,500,000	1,993	56.8%

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