The Fair Share Report
14 Rector 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
Likely range $1,413,410 – $1,995,745, 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 $1,816,606 home should be assessed near $1,271,988.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $554,688 below what the ratio math suggests (43.6%).
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
30%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 |
|---|---|---|---|---|
| 29 SOUTH MOUNTAIN ROAD | 2026-04 | $1,836,000 | 2,556 | 44.1% |
| 425 WYOMING AVENUE | 2026-04 | $1,450,000 | 2,473 | 57.4% |
| 20 PARKVIEW DRIVE | 2026-06 | $1,999,000 | 2,640 | 46.0% |
| 90 WHITNEY ROAD | 2026-03 | $2,100,000 | 2,692 | 54.4% |
| 877 RIDGEWOOD ROAD | 2025-06 | $1,700,000 | 2,633 | 54.7% |
| 75 WHITNEY ROAD | 2025-07 | $2,200,000 | 2,548 | 56.5% |
| 49 GREENWOOD DRIVE | 2025-05 | $1,600,000 | 2,535 | 54.4% |
| 86 ELM STREET | 2025-05 | $1,910,000 | 2,464 | 49.8% |
| 19 HAWTHORNE ROAD | 2026-01 | $1,975,000 | 2,542 | 65.0% |
| 29 MAPLE TERRACE | 2025-08 | $1,700,000 | 2,639 | 49.0% |
| 20 BODWELL TERRACE | 2025-07 | $1,225,000 | 2,266 | 67.8% |
| 167 HOBART AVENUE | 2026-06 | $1,670,000 | 3,184 | 83.0% |
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