The Fair Share Report
22 Farview Rd
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 $2,209,656 – $2,962,624, 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 $2,581,625 home should be assessed near $1,807,654.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $218,154 below what the ratio math suggests (12.1%).
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%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 |
|---|---|---|---|---|
| 94 TENNYSON DRIVE | 2025-04 | $2,616,000 | 4,060 | 53.4% |
| 10 OSWEGO LANE | 2025-09 | $2,145,000 | 3,989 | 34.8% |
| 8 PARK PLACE | 2026-05 | $3,260,000 | 3,983 | 52.9% |
| 5 BARRY LANE | 2025-08 | $2,680,000 | 4,147 | 49.1% |
| 23 BRIARWOOD DRIVE | 2025-07 | $2,820,000 | 3,881 | 58.6% |
| 52 ATHENS ROAD | 2025-02 | $2,410,000 | 4,226 | 56.3% |
| 85 ATHENS ROAD | 2026-06 | $2,625,000 | 3,673 | 48.4% |
| 58 FAR BROOK DRIVE | 2025-05 | $2,400,000 | 4,076 | 64.9% |
| 49 HILLTOP ROAD | 2026-06 | $2,825,000 | 4,050 | 58.5% |
| 61 JOANNA WAY | 2025-08 | $2,280,000 | 4,123 | 76.2% |
| 66 CANOE BROOK ROAD | 2026-04 | $1,999,999 | 3,637 | 55.5% |
| 5 KEATS ROAD | 2026-04 | $2,500,000 | 3,756 | 61.0% |
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