The Fair Share Report
18 Deer Path
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 $2,427,061 – $2,842,623, from 12 comparable Millburn sales in the past 18 months, at this home's 3,672 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 $2,669,310 home should be assessed near $1,869,051.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,551 below what the ratio math suggests (6.0%).
Step 4 · The tax rate — same for every Millburn home
$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%
This home's own bill implies $1.799 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Millburn sale · assessed ÷ market
45%86%
Paying about right
This home's ratio lands inside Millburn's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 28 WATCHUNG ROAD | 2025-05 | $2,750,000 | 3,783 | 51.7% |
| 9 EAST LANE | 2025-06 | $2,710,000 | 3,612 | 77.2% |
| 36 CAYUGA WAY | 2025-10 | $2,413,000 | 3,660 | 62.5% |
| 66 CANOE BROOK ROAD | 2026-04 | $1,999,999 | 3,637 | 55.5% |
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 12 CAYUGA WAY | 2026-05 | $2,800,008 | 3,647 | 52.4% |
| 85 ATHENS ROAD | 2026-06 | $2,625,000 | 3,673 | 48.4% |
| 12 CONISTON ROAD | 2026-03 | $3,850,000 | 3,777 | 62.8% |
| 26 MERRYWOOD LANE | 2025-07 | $3,150,000 | 3,699 | 55.9% |
| 197 PARSONAGE HILL ROAD | 2026-06 | $2,736,500 | 3,318 | 47.7% |
| 27 INVERNESS COURT | 2025-08 | $2,550,000 | 3,294 | 61.8% |
| 131 LAWRENCE DRIVE | 2026-06 | $2,228,000 | 3,696 | 65.4% |
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