The Fair Share Report
2 Ray St
Milltown, NJ 08850
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 $548,649 – $628,642, from 12 comparable Milltown sales in the past 18 months, at this home's 1,766 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Milltown assessments sit below market value — republished every October, applied town-wide. A $604,110 home should be assessed near $199,296.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,696 below what the ratio math suggests (8.4%).
Step 4 · The tax rate — same for every Milltown home
$4.257 Schools · 61% $0.964 County · 14% $1.729 Town · 25%
Step 5 · The bill
This home vs. every recent Milltown sale · assessed ÷ market
19%46%
Paying about right
This home's ratio lands inside Milltown'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 |
|---|---|---|---|---|
| 63 J F KENNEDY DR | 2025-01 | $435,000 | 1,723 | 43.6% |
| 7 WILLIAM ST | 2025-10 | $615,000 | 1,766 | 27.8% |
| 7 ROSEWOOD DR | 2026-01 | $665,000 | 1,944 | 31.2% |
| 3 CLAYTON CT | 2026-04 | $670,000 | 1,954 | 30.1% |
| 5 ZIMMERMAN CT | 2025-03 | $680,000 | 1,868 | 32.8% |
| 47 OCHS AVE | 2025-06 | $681,000 | 1,731 | 30.2% |
| 199 NO BROOK DR | 2025-06 | $595,000 | 1,708 | 36.0% |
| 61 OCHS AVE | 2026-04 | $665,000 | 1,731 | 29.7% |
| 6 NICHOLAS CT | 2026-04 | $489,000 | 1,574 | 36.3% |
| 205 NO MOETZ DR | 2025-07 | $650,000 | 1,826 | 24.5% |
| 8 LINCOLN AVE | 2026-01 | $644,900 | 1,951 | 32.3% |
| 10 JANET CT | 2025-10 | $585,000 | 1,818 | 29.5% |
Is this your house?
Run your own report →