The Fair Share Report
2 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 $2,506,986 – $3,273,088, 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 $2,846,112 home should be assessed near $1,992,848.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $241,252 above what the ratio math suggests (12.1%).
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%95%
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 |
|---|---|---|---|---|
| 33 CRESCENT PLACE | 2025-06 | $3,800,000 | 4,536 | 66.5% |
| 70 FALMOUTH STREET | 2025-08 | $3,480,000 | 4,542 | 60.3% |
| 218 HIGHLAND AVENUE | 2025-09 | $2,675,000 | 4,490 | 72.2% |
| 39 WESTVIEW ROAD | 2025-06 | $2,550,000 | 3,858 | 57.1% |
| 61 JOANNA WAY | 2025-08 | $2,280,000 | 4,123 | 76.2% |
| 1 SLOPE DRIVE | 2026-06 | $3,283,150 | 4,032 | 56.8% |
| 9 WESTVIEW ROAD | 2026-04 | $3,100,000 | 4,172 | 59.1% |
| 23 GROSVENOR ROAD | 2025-08 | $2,850,000 | 4,290 | 71.9% |
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 2 OAKLAWN ROAD | 2025-07 | $2,408,750 | 4,449 | 72.2% |
| 106 TENNYSON DRIVE | 2025-06 | $2,540,800 | 5,227 | 59.9% |
| 94 TENNYSON DRIVE | 2025-04 | $2,616,000 | 4,060 | 53.4% |
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