The Fair Share Report
2 Silver Spring 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 $1,380,746 – $1,807,113, 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 $1,606,915 home should be assessed near $1,125,162.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $448,762 below what the ratio math suggests (39.9%).
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
32%86%
Keep quiet and enjoy it
This home's assessment ratio sits below the Millburn pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 87 GREAT HILLS ROAD | 2025-08 | $1,800,000 | 1,908 | 51.7% |
| 250 OLD SHORT HILLS ROAD | 2026-05 | $1,795,000 | 1,857 | 48.8% |
| 250 OLD SHORT HILLS ROAD | 2025-06 | $1,600,000 | 1,857 | 54.7% |
| 221 PARSONAGE HILL ROAD | 2025-12 | $1,695,000 | 1,982 | 58.3% |
| 378 WHITE OAK RIDGE ROAD | 2026-03 | $1,455,000 | 1,619 | 50.9% |
| 10 FIELDING ROAD | 2026-04 | $1,800,000 | 2,041 | 64.2% |
| 18 SILVER SPRING ROAD | 2025-07 | $1,700,000 | 2,250 | 55.7% |
| 256 GLEN AVENUE | 2026-05 | $999,999 | 1,830 | 72.7% |
| 1 ALEXANDER LANE | 2025-09 | $1,700,000 | 2,239 | 53.9% |
| 111 PARSONAGE HILL ROAD | 2026-06 | $1,900,000 | 2,414 | 56.6% |
| 1 CLIVE HILLS ROAD | 2025-06 | $1,600,000 | 2,124 | 75.8% |
| 246 WHITE OAK RIDGE ROAD | 2025-06 | $1,725,000 | 2,178 | 61.0% |
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