The Fair Share Report
32 Bailey 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 $1,477,285 – $1,909,648, 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 $1,849,075 home should be assessed near $1,294,722.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $425,622 below what the ratio math suggests (32.9%).
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
40%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 |
|---|---|---|---|---|
| 75 WHITNEY ROAD | 2025-07 | $2,200,000 | 2,548 | 56.5% |
| 20 INWOOD ROAD | 2025-05 | $1,820,000 | 2,370 | 56.6% |
| 49 GREENWOOD DRIVE | 2025-05 | $1,600,000 | 2,535 | 54.4% |
| 46 ELMWOOD PLACE | 2026-04 | $1,830,000 | 2,353 | 57.7% |
| 96 OAKVIEW TERRACE | 2025-06 | $1,450,000 | 2,453 | 69.0% |
| 20 BODWELL TERRACE | 2025-07 | $1,225,000 | 2,266 | 67.8% |
| 29 SOUTH MOUNTAIN ROAD | 2026-04 | $1,836,000 | 2,556 | 44.1% |
| 100 OAKVIEW TERRACE | 2025-08 | $1,850,000 | 2,381 | 53.4% |
| 26 CLAREMONT DRIVE | 2025-07 | $1,900,000 | 2,349 | 53.2% |
| 20 PARKVIEW DRIVE | 2026-06 | $1,999,000 | 2,640 | 46.0% |
| 70 WELLINGTON AVENUE | 2025-07 | $1,550,000 | 2,121 | 68.5% |
| 877 RIDGEWOOD ROAD | 2025-06 | $1,700,000 | 2,633 | 54.7% |
Is this your house?
Run your own report →