The Fair Share Report
30 Pershing Ave
Milltown, NJ 08850
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 $335,437 – $495,146, from 12 comparable Milltown 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 Milltown assessments sit below market value — republished every October, applied town-wide. A $417,738 home should be assessed near $137,812.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,512 below what the ratio math suggests (5.5%).
Step 4 · The tax rate — same for every Milltown home
$4.257 Schools · 61% $0.964 County · 14% $1.729 Town · 25%
Step 5 · The bill
This home vs. every recent Milltown sale · assessed ÷ market
19%46%
Paying about right
This home's ratio lands inside Milltown'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 |
|---|---|---|---|---|
| 20 HAIG AVE | 2026-01 | $400,000 | 1,003 | 29.6% |
| 18 HARRISON AVE | 2025-10 | $435,000 | 1,512 | 30.2% |
| 36 W LAKEWOOD AVE | 2025-07 | $253,000 | 1,434 | 54.7% |
| 91 SO MAIN ST | 2025-03 | $300,000 | 1,116 | 34.5% |
| 13 HOWARD ST | 2025-06 | $505,000 | 1,296 | 33.3% |
| 81 CLEVELAND AVE | 2025-10 | $320,000 | 1,332 | 46.9% |
| 60 SO MAIN ST | 2025-01 | $410,000 | 924 | 31.6% |
| 48 SOUTH ST | 2026-04 | $462,000 | 1,430 | 28.4% |
| 16 VAN LIEW AVE | 2025-05 | $540,000 | 1,422 | 23.0% |
| 105 BOOREAM AVE | 2025-04 | $560,000 | 1,836 | 31.6% |
| 99 CLAY ST | 2025-08 | $435,000 | 1,356 | 27.4% |
| 65 ALBERT AVE | 2025-07 | $475,000 | 1,377 | 30.0% |
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