The Fair Share Report
311 E St
Millville, NJ 08701
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Millville's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $101,950 – $146,915, from 12 comparable Millville sales in the past 18 months, at this home's 1,000 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Millville assessments sit below market value — republished every October, applied town-wide. A $128,546 home should be assessed near $73,837.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,537 below what the ratio math suggests (6.1%).
Step 4 · The tax rate — same for every Millville home
$1.141 Schools · 28% $1.494 County · 37% $1.418 Town · 35%
Step 5 · The bill
This home vs. every recent Millville sale · assessed ÷ market
31%79%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 5 S PEARL ST | 2026-05 | $205,000 | 1,000 | 26.1% |
| 24 RACE ST S | 2025-08 | $250,000 | 1,034 | 16.0% |
| 517 N 2ND ST | 2025-05 | $315,000 | — | 31.8% |
| 616 N 4TH ST | 2025-07 | $130,000 | 1,070 | 49.4% |
| 805 E MAIN ST | 2025-08 | $90,000 | 984 | 72.2% |
| 918 N 4TH ST | 2025-07 | $150,000 | 1,021 | 43.7% |
| 123 W FOUNDRY ST | 2025-08 | $115,000 | 1,128 | 54.9% |
| 123 FOUNDRY ST W | 2025-04 | $76,800 | 1,128 | 82.2% |
| 121 W FOUNDRY ST | 2025-12 | $145,000 | 1,128 | 29.6% |
| 404 MAURICE ST | 2026-05 | $196,500 | 936 | 37.1% |
| 2023 NEWCOMBTOWN RD | 2025-07 | $160,000 | 1,140 | 88.2% |
| 502 E MAIN ST | 2026-04 | $129,000 | 1,160 | 46.8% |
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