The Fair Share Report
22 Gap View 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 $2,406,775 – $3,268,986, 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 $2,937,065 home should be assessed near $2,056,533.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $293,467 above what the ratio math suggests (14.3%).
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%103%
A touch high — worth watching
This home's ratio sits above most of Millburn, but doesn't clear NJ's legal appeal line (80.52%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 50 GROSVENOR ROAD | 2025-10 | $3,200,000 | 4,597 | 63.3% |
| 11 SHERWOOD ROAD | 2025-07 | $2,720,000 | 4,273 | 71.0% |
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 2 OAKLAWN ROAD | 2025-07 | $2,408,750 | 4,449 | 72.2% |
| 33 CRESCENT PLACE | 2025-06 | $3,800,000 | 4,536 | 66.5% |
| 61 JOANNA WAY | 2025-08 | $2,280,000 | 4,123 | 76.2% |
| 218 HIGHLAND AVENUE | 2025-09 | $2,675,000 | 4,490 | 72.2% |
| 29 MARION AVENUE | 2025-08 | $1,950,000 | 4,171 | 82.7% |
| 52 ATHENS ROAD | 2025-02 | $2,410,000 | 4,226 | 56.3% |
| 33 WEST BEECHCROFT ROAD | 2025-06 | $2,612,500 | 5,012 | 39.1% |
| 1 SLOPE DRIVE | 2026-06 | $3,283,150 | 4,032 | 56.8% |
| 59 WEST ROAD | 2025-11 | $1,999,000 | 3,787 | 66.8% |
Is this your house?
Run your own report →