The Fair Share Report
15 Wayside
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 $1,986,938 – $2,699,766, from 12 comparable Millburn sales in the past 18 months, at this home's 3,668 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 $2,472,033 home should be assessed near $1,730,918.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $855,918 below what the ratio math suggests (49.4%).
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
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 |
|---|---|---|---|---|
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 59 WEST ROAD | 2025-11 | $1,999,000 | 3,787 | 66.8% |
| 71 WEST ROAD | 2025-06 | $2,038,000 | 3,496 | 58.7% |
| 20 RIDGE TERRACE | 2025-08 | $2,595,000 | 3,115 | 47.7% |
| 89 MAPLE STREET | 2025-07 | $1,893,000 | 2,958 | 63.5% |
| 29 MARION AVENUE | 2025-08 | $1,950,000 | 4,171 | 82.7% |
| 315 FOREST DRIVE SOUTH | 2025-08 | $2,500,000 | 3,403 | 59.5% |
| 42 HADDONFIELD ROAD | 2025-07 | $2,200,000 | 2,989 | 64.7% |
| 9 EAST LANE | 2025-06 | $2,710,000 | 3,612 | 77.2% |
| 47 BARNSDALE ROAD | 2025-07 | $2,750,000 | 3,486 | 69.7% |
| 9 EAST BEECHCROFT ROAD | 2025-03 | $2,300,000 | 3,374 | 65.9% |
| 29 WORDSWORTH ROAD | 2025-12 | $2,350,000 | 3,807 | 56.4% |
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