The Fair Share Report
32 Maple Ter
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 $1,772,779 – $2,022,066, 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 $1,885,714 home should be assessed near $1,320,377.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $376,677 below what the ratio math suggests (28.5%).
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
41%86%
Keep quiet and enjoy it
This home's assessment ratio sits below the Millburn pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 38 CAMPBELL ROAD | 2025-03 | $1,790,000 | 2,656 | 57.4% |
| 11 WYNDHAM ROAD | 2025-02 | $1,752,500 | 2,426 | 60.4% |
| 19 HAWTHORNE ROAD | 2026-01 | $1,975,000 | 2,542 | 65.0% |
| 29 MAPLE TERRACE | 2025-08 | $1,700,000 | 2,639 | 49.0% |
| 30 COLONIAL WAY | 2026-04 | $2,305,000 | 2,526 | 51.0% |
| 86 ELM STREET | 2025-05 | $1,910,000 | 2,464 | 49.8% |
| 66 WHITNEY ROAD | 2025-07 | $2,150,000 | 2,426 | 53.6% |
| 83 MOUNTAINVIEW ROAD | 2025-08 | $1,750,000 | 2,739 | 53.1% |
| 70 WEST RD. | 2025-08 | $2,100,000 | 2,640 | 53.5% |
| 50 GREAT OAK DRIVE | 2025-12 | $1,863,000 | 2,588 | 60.8% |
| 29 SOUTH MOUNTAIN ROAD | 2026-04 | $1,836,000 | 2,556 | 44.1% |
| 28 PINE TERRACE WEST | 2025-07 | $1,830,000 | 2,616 | 57.0% |
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