The Fair Share Report

30 Robert 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.

Step 1 · Market value

≈ $6,014,098

Likely range $5,115,841 – $6,906,804, from 12 comparable Millburn sales in the past 18 months (home size estimated from assessor data — range widened).

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 $6,014,098 home should be assessed near $4,211,071.

Step 3 · Assessed value

$3,900,000

Set at the last town-wide revaluation and mostly frozen since. That's $311,071 below what the ratio math suggests (7.4%).

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

$78,741/yr
Public schools$40,307
Essex County$17,676
Town of Millburn$20,758
Millburn average$26,292

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

Town median 60.8%
This home · 64.8%

45%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
32 TROY DRIVE2025-07$3,050,0007,38580.3%
89 STEWART ROAD2025-04$4,625,0006,87567.8%
71 HILLSIDE AVENUE2026-01$6,400,0009,22181.3%
49 WOODCREST AVENUE2026-02$5,000,0005,98267.1%
260 HARTSHORN DRIVE2025-07$4,200,0005,46066.1%
74 WHITE OAK RIDGE ROAD2026-01$3,600,0005,84174.8%
24 SEMINOLE WAY2026-03$4,750,0005,58965.0%
127 STEWART ROAD2026-06$5,000,0005,32368.6%
8 SHERWOOD ROAD2025-04$4,288,0005,50260.6%
368 HARTSHORN DRIVE2026-03$3,999,0005,67879.1%
91 FAIRFIELD DRIVE2025-08$3,700,0006,08367.6%
96 WESTVIEW ROAD2026-05$3,740,0005,30160.8%

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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 →