The Fair Share Report
18 Thackeray Dr
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 $1,482,486 – $1,856,604, from 12 comparable Millburn sales in the past 18 months, at this home's 1,968 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 $1,683,027 home should be assessed near $1,178,456.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $666,444 above what the ratio math suggests (56.6%).
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
45%130%
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 $13,456/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 FIELDING ROAD | 2026-04 | $1,800,000 | 2,041 | 64.2% |
| 30 SILVER SPRING ROAD | 2026-04 | $1,900,000 | 1,859 | 49.6% |
| 87 GREAT HILLS ROAD | 2025-08 | $1,800,000 | 1,908 | 51.7% |
| 221 PARSONAGE HILL ROAD | 2025-12 | $1,695,000 | 1,982 | 58.3% |
| 330 WYOMING AVENUE | 2025-05 | $960,000 | 2,118 | 72.9% |
| 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% |
| 819 RIDGEWOOD ROAD | 2026-05 | $1,230,000 | 1,828 | 62.7% |
| 1 ELIOT PLACE | 2025-04 | $1,825,000 | 2,209 | 54.9% |
| 151 MOHAWK ROAD | 2026-05 | $2,200,000 | 2,192 | 48.7% |
| 18 SILVER SPRING ROAD | 2025-07 | $1,700,000 | 2,250 | 55.7% |
| 1 CLIVE HILLS ROAD | 2025-06 | $1,600,000 | 2,124 | 75.8% |
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