The Fair Share Report
24 Thackeray Dr
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.
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Step 1 · Market value
Likely range $2,489,059 – $2,943,632, from 12 comparable Millburn sales in the past 18 months, at this home's 4,262 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 $2,746,156 home should be assessed near $1,922,858.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $542,258 below what the ratio math suggests (28.2%).
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
41%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 |
|---|---|---|---|---|
| 29 WORDSWORTH ROAD | 2025-12 | $2,350,000 | 3,807 | 56.4% |
| 49 HILLTOP ROAD | 2026-06 | $2,825,000 | 4,050 | 58.5% |
| 28 COLERIDGE ROAD | 2026-06 | $2,445,000 | 3,776 | 57.7% |
| 5 BARRY LANE | 2025-08 | $2,680,000 | 4,147 | 49.1% |
| 52 ATHENS ROAD | 2025-02 | $2,410,000 | 4,226 | 56.3% |
| 5 KEATS ROAD | 2026-04 | $2,500,000 | 3,756 | 61.0% |
| 61 JOANNA WAY | 2025-08 | $2,280,000 | 4,123 | 76.2% |
| 94 TENNYSON DRIVE | 2025-04 | $2,616,000 | 4,060 | 53.4% |
| 82 BROWNING ROAD | 2025-12 | $2,025,000 | 3,430 | 67.4% |
| 58 FAR BROOK DRIVE | 2025-05 | $2,400,000 | 4,076 | 64.9% |
| 5 BROWNING ROAD | 2025-08 | $2,302,000 | 3,333 | 58.0% |
| 8 PARK PLACE | 2026-05 | $3,260,000 | 3,983 | 52.9% |
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