The Fair Share Report
136 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 $1,274,409 – $1,786,792, from 12 comparable Millburn sales in the past 18 months, at this home's 1,894 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 $1,511,835 home should be assessed near $1,058,587.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $825,713 above what the ratio math suggests (78.0%).
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%153%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (80.52%) — roughly $16,671/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 30 SILVER SPRING ROAD | 2026-04 | $1,900,000 | 1,859 | 49.6% |
| 10 FIELDING ROAD | 2026-04 | $1,800,000 | 2,041 | 64.2% |
| 330 WYOMING AVENUE | 2025-05 | $960,000 | 2,118 | 72.9% |
| 17 ANDOVER DRIVE | 2025-12 | $1,310,000 | 1,921 | 72.3% |
| 250 OLD SHORT HILLS ROAD | 2026-05 | $1,795,000 | 1,857 | 48.8% |
| 250 OLD SHORT HILLS ROAD | 2025-06 | $1,600,000 | 1,857 | 54.7% |
| 87 GREAT HILLS ROAD | 2025-08 | $1,800,000 | 1,908 | 51.7% |
| 285 TAYLOR ROAD SOUTH | 2025-05 | $1,925,000 | 1,934 | 63.5% |
| 42 WILLOW STREET | 2025-09 | $995,000 | 1,572 | 52.3% |
| 819 RIDGEWOOD ROAD | 2026-05 | $1,230,000 | 1,828 | 62.7% |
| 22 REEVE CIRCLE | 2025-07 | $1,175,000 | 1,724 | 54.0% |
| 1 ELIOT PLACE | 2025-04 | $1,825,000 | 2,209 | 54.9% |
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