The Fair Share Report
2 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 $2,106,327 – $2,513,389, 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 $2,261,225 home should be assessed near $1,583,310.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $275,610 below what the ratio math suggests (17.4%).
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
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 |
|---|---|---|---|---|
| 8 PINEWOOD COURT | 2025-11 | $2,499,990 | 3,383 | 57.3% |
| 9 EAST BEECHCROFT ROAD | 2025-03 | $2,300,000 | 3,374 | 65.9% |
| 5 BROWNING ROAD | 2025-08 | $2,302,000 | 3,333 | 58.0% |
| 87 ADDISON DRIVE | 2026-03 | $1,936,000 | 3,315 | 67.9% |
| 15 WORDSWORTH ROAD | 2025-06 | $2,140,000 | 3,054 | 62.4% |
| 47 BARNSDALE ROAD | 2025-07 | $2,750,000 | 3,486 | 69.7% |
| 20 RIDGE TERRACE | 2025-08 | $2,595,000 | 3,115 | 47.7% |
| 82 BROWNING ROAD | 2025-12 | $2,025,000 | 3,430 | 67.4% |
| 293 LUPINE WAY | 2025-07 | $2,600,000 | 3,469 | 57.5% |
| 315 FOREST DRIVE SOUTH | 2025-08 | $2,500,000 | 3,403 | 59.5% |
| 209 PARSONAGE HILL ROAD | 2025-05 | $2,260,000 | 3,384 | 68.4% |
| 7 FALMOUTH STREET | 2024-12 | $2,310,000 | 3,018 | 55.1% |
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