The Fair Share Report
21 Sinclair Ter
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 $2,421,141 – $3,372,079, 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 $2,921,415 home should be assessed near $2,045,575.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,425 above what the ratio math suggests (2.2%).
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 |
|---|---|---|---|---|
| 218 HIGHLAND AVENUE | 2025-09 | $2,675,000 | 4,490 | 72.2% |
| 61 JOANNA WAY | 2025-08 | $2,280,000 | 4,123 | 76.2% |
| 94 TENNYSON DRIVE | 2025-04 | $2,616,000 | 4,060 | 53.4% |
| 52 ATHENS ROAD | 2025-02 | $2,410,000 | 4,226 | 56.3% |
| 50 GROSVENOR ROAD | 2025-10 | $3,200,000 | 4,597 | 63.3% |
| 33 CRESCENT PLACE | 2025-06 | $3,800,000 | 4,536 | 66.5% |
| 70 FALMOUTH STREET | 2025-08 | $3,480,000 | 4,542 | 60.3% |
| 106 TENNYSON DRIVE | 2025-06 | $2,540,800 | 5,227 | 59.9% |
| 9 WESTVIEW ROAD | 2026-04 | $3,100,000 | 4,172 | 59.1% |
| 5 BARRY LANE | 2025-08 | $2,680,000 | 4,147 | 49.1% |
| 49 HILLTOP ROAD | 2026-06 | $2,825,000 | 4,050 | 58.5% |
| 10 OSWEGO LANE | 2025-09 | $2,145,000 | 3,989 | 34.8% |
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