The Fair Share Report
2 Gilbert Pl
Millburn, NJ 07041
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 $1,433,329 – $1,915,540, 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 $1,791,505 home should be assessed near $1,254,412.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $385,612 below what the ratio math suggests (30.7%).
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
40%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 |
|---|---|---|---|---|
| 11 INWOOD ROAD | 2025-09 | $1,490,000 | 2,383 | 63.4% |
| 817 RIDGEWOOD ROAD | 2025-03 | $1,425,000 | 2,597 | 63.2% |
| 40 OVAL ROAD | 2025-10 | $1,350,000 | 2,218 | 65.0% |
| 33 HARAN CIRCLE | 2026-03 | $1,887,000 | 2,364 | 48.5% |
| 4 MEADOWBROOK ROAD | 2025-10 | $1,750,000 | 2,209 | 55.9% |
| 1 ELIOT PLACE | 2025-04 | $1,825,000 | 2,209 | 54.9% |
| 26 CLAREMONT DRIVE | 2025-07 | $1,900,000 | 2,349 | 53.2% |
| 45 MOUNTAINVIEW ROAD | 2025-11 | $1,810,000 | 2,363 | 51.4% |
| 20 INWOOD ROAD | 2025-05 | $1,820,000 | 2,370 | 56.6% |
| 100 OAKVIEW TERRACE | 2025-08 | $1,850,000 | 2,381 | 53.4% |
| 819 RIDGEWOOD ROAD | 2026-05 | $1,230,000 | 1,828 | 62.7% |
| 96 OAKVIEW TERRACE | 2025-06 | $1,450,000 | 2,453 | 69.0% |
Is this your house?
Run your own report →