The Fair Share Report
15 E Ln
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 $2,261,114 – $2,716,437, 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 $2,434,864 home should be assessed near $1,704,892.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $189,508 above what the ratio math suggests (11.1%).
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%89%
A touch high — worth watching
This home's ratio sits above most of Millburn, but doesn't clear NJ's legal appeal line (80.52%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 68 CLINTON AVENUE | 2025-04 | $2,400,000 | 3,429 | 75.0% |
| 10 GAP VIEW ROAD | 2025-03 | $2,300,000 | 3,393 | 65.2% |
| 58 MERRYWOOD LANE | 2026-06 | $2,995,000 | 3,579 | 62.0% |
| 131 LAWRENCE DRIVE | 2026-06 | $2,228,000 | 3,696 | 65.4% |
| 28 WATCHUNG ROAD | 2025-05 | $2,750,000 | 3,783 | 51.7% |
| 25 FAR BROOK DRIVE | 2026-04 | $2,880,000 | 3,392 | 56.8% |
| 30 AUDUBON COURT | 2025-06 | $2,300,000 | 3,293 | 60.6% |
| 425 LONG HILL DRIVE | 2026-04 | $2,499,999 | 3,404 | 59.9% |
| 12 CAYUGA WAY | 2026-05 | $2,800,008 | 3,647 | 52.4% |
| 36 CAYUGA WAY | 2025-10 | $2,413,000 | 3,660 | 62.5% |
| 26 MERRYWOOD LANE | 2025-07 | $3,150,000 | 3,699 | 55.9% |
| 18 SPARTA ROAD | 2026-04 | $1,975,000 | 3,185 | 76.5% |
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