The Fair Share Report
22 Spring St
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 $1,469,297 – $1,849,065, from 12 comparable Millburn sales in the past 18 months, at this home's 2,414 sq ft.
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 $1,724,286 home should be assessed near $1,207,345.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $645,945 below what the ratio math suggests (53.5%).
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
25%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 |
|---|---|---|---|---|
| 84 CEDAR STREET | 2026-06 | $2,000,000 | 2,665 | 45.6% |
| 86 CEDAR STREET | 2025-07 | $1,600,000 | 2,415 | 61.7% |
| 425 WYOMING AVENUE | 2026-04 | $1,450,000 | 2,473 | 57.4% |
| 115 HOBART AVENUE | 2025-01 | $1,685,000 | 2,359 | 73.0% |
| 86 ELM STREET | 2025-05 | $1,910,000 | 2,464 | 49.8% |
| 57 LINDEN STREET | 2025-06 | $1,255,000 | 2,762 | 82.4% |
| 103 CYPRESS STREET | 2025-07 | $1,406,000 | 2,300 | 56.0% |
| 19 HAWTHORNE ROAD | 2026-01 | $1,975,000 | 2,542 | 65.0% |
| 33 HARAN CIRCLE | 2026-03 | $1,887,000 | 2,364 | 48.5% |
| 11 WYNDHAM ROAD | 2025-02 | $1,752,500 | 2,426 | 60.4% |
| 34 PINE TERRACE EAST | 2025-06 | $1,250,000 | 2,324 | 67.4% |
| 11 INWOOD ROAD | 2025-09 | $1,490,000 | 2,383 | 63.4% |
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