The Fair Share Report
31 Berkeley Rd
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 $1,020,621 – $1,631,413, from 12 comparable Millburn 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 Millburn assessments sit below market value — republished every October, applied town-wide. A $1,488,614 home should be assessed near $1,042,328.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $341,228 below what the ratio math suggests (32.7%).
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
38%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 |
|---|---|---|---|---|
| 62 WHITTINGHAM TERRACE | 2025-04 | $1,500,000 | 1,993 | 56.8% |
| 110 WELLINGTON AVENUE | 2025-06 | $1,600,000 | 2,075 | 56.9% |
| 9 MIDHURST ROAD | 2025-09 | $1,999,999 | 2,052 | 66.3% |
| 105 MOUNTAINVIEW ROAD | 2025-10 | $1,300,000 | 2,108 | 59.2% |
| 94 MOUNTAINVIEW ROAD | 2026-05 | $1,550,000 | 1,879 | 52.0% |
| 59 CHURCH STREET | 2025-09 | $1,100,000 | 2,174 | 54.8% |
| 10 RAWLEY PLACE | 2025-07 | $1,558,000 | 1,925 | 51.7% |
| 8 WILLOW STREET | 2025-07 | $800,000 | 2,067 | 70.5% |
| 64 SOUTHERN SLOPE DRIVE | 2025-07 | $1,385,000 | 1,786 | 53.9% |
| 70 WELLINGTON AVENUE | 2025-07 | $1,550,000 | 2,121 | 68.5% |
| 418 MILLBURN AVENUE | 2025-01 | $815,000 | 1,773 | 64.2% |
| 114 MYRTLE AVENUE | 2025-08 | $898,000 | 1,890 | 68.3% |
Is this your house?
Run your own report →