The Fair Share Report
2 Robert Dr
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 $2,613,694 – $3,391,022, 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 $3,010,485 home should be assessed near $2,107,942.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $142,058 above what the ratio math suggests (6.7%).
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
45%92%
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 |
|---|---|---|---|---|
| 40 LEE TERRACE | 2025-12 | $3,500,000 | 4,404 | 74.5% |
| 26 DORSET LANE | 2025-12 | $3,385,000 | 4,401 | 60.6% |
| 54 BARNSDALE ROAD | 2025-04 | $3,125,000 | 4,645 | 71.0% |
| 44 WEST BEECHCROFT ROAD | 2026-02 | $2,830,000 | 4,656 | 69.4% |
| 303 WHITE OAK RIDGE ROAD | 2025-11 | $3,460,000 | 4,348 | 54.4% |
| 26 KEATS ROAD | 2026-04 | $3,370,000 | 4,738 | 60.8% |
| 270 WHITE OAK RIDGE ROAD | 2025-08 | $3,100,000 | 4,932 | 66.0% |
| 374 WHITE OAK RIDGE ROAD | 2025-08 | $2,715,000 | 4,662 | 68.6% |
| 1 LENAPE ROAD | 2026-06 | $2,450,000 | 4,391 | 66.3% |
| 162 HARTSHORN DRIVE | 2025-12 | $3,350,000 | 5,144 | 79.2% |
| 96 WESTVIEW ROAD | 2026-05 | $3,740,000 | 5,301 | 60.8% |
| 28 WATCHUNG ROAD | 2025-05 | $2,750,000 | 3,783 | 51.7% |
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