The Fair Share Report
19 Exeter Rd
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 $1,431,040 – $1,706,839, from 12 comparable Millburn sales in the past 18 months, at this home's 1,981 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 $1,550,348 home should be assessed near $1,085,554.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $147,354 below what the ratio math suggests (13.6%).
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%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 |
|---|---|---|---|---|
| 17 ANDOVER DRIVE | 2025-12 | $1,310,000 | 1,921 | 72.3% |
| 32 MARION AVENUE | 2025-06 | $1,620,000 | 2,070 | 65.8% |
| 71 STONY LANE | 2025-09 | $1,850,000 | 2,164 | 50.0% |
| 22 REEVE CIRCLE | 2025-07 | $1,175,000 | 1,724 | 54.0% |
| 330 WYOMING AVENUE | 2025-05 | $960,000 | 2,118 | 72.9% |
| 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% |
| 114 HOBART AVENUE | 2025-01 | $1,430,000 | 1,935 | 64.6% |
| 62 WHITTINGHAM TERRACE | 2025-04 | $1,500,000 | 1,993 | 56.8% |
| 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% |
| 11 WYNDHAM ROAD | 2025-02 | $1,752,500 | 2,426 | 60.4% |
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