The Fair Share Report

30 Maple Ter

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.

Step 1 · Market value

≈ $1,753,394

Likely range $1,559,602 – $1,896,528, from 12 comparable Millburn sales in the past 18 months, at this home's 2,441 sq ft.

Step 2 · The Director's Ratio

70.02%

The state's official measure of how far Millburn assessments sit below market value — republished every October, applied town-wide. A $1,753,394 home should be assessed near $1,227,726.

Step 3 · Assessed value

$872,900

Set at the last town-wide revaluation and mostly frozen since. That's $354,826 below what the ratio math suggests (28.9%).

Step 4 · The tax rate — same for every Millburn home

$2.019 per $100 assessed

$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%

Step 5 · The bill

$17,624/yr
Public schools$9,022
Essex County$3,956
Town of Millburn$4,646
Millburn average$26,292

This home vs. every recent Millburn sale · assessed ÷ market

Town median 60.8%
This home · 49.8%

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)

AddressSoldPriceSq ftRatio
11 WYNDHAM ROAD2025-02$1,752,5002,42660.4%
86 ELM STREET2025-05$1,910,0002,46449.8%
38 CAMPBELL ROAD2025-03$1,790,0002,65657.4%
19 HAWTHORNE ROAD2026-01$1,975,0002,54265.0%
29 MAPLE TERRACE2025-08$1,700,0002,63949.0%
30 COLONIAL WAY2026-04$2,305,0002,52651.0%
66 WHITNEY ROAD2025-07$2,150,0002,42653.6%
34 PINE TERRACE EAST2025-06$1,250,0002,32467.4%
103 CYPRESS STREET2025-07$1,406,0002,30056.0%
71 STONY LANE2025-09$1,850,0002,16450.0%
83 MOUNTAINVIEW ROAD2025-08$1,750,0002,73953.1%
29 SOUTH MOUNTAIN ROAD2026-04$1,836,0002,55644.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →