The Fair Share Report
32 Silver Spring Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,807,819 – $2,263,596, 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 $2,084,888 home should be assessed near $1,459,839.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $214,339 below what the ratio math suggests (14.7%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 8 WOODSTONE CIRCLE | 2026-03 | $1,929,000 | 3,098 | 66.6% |
| 40 WINDING WAY | 2025-06 | $1,875,000 | 2,680 | 59.2% |
| 72 MYRTLE AVENUE | 2025-12 | $2,430,000 | 2,764 | 58.0% |
| 420 MILLBURN AVENUE | 2025-05 | $1,750,000 | 2,484 | 42.0% |
| 50A WILLOW STREET | 2025-07 | $1,200,000 | 2,275 | 61.8% |
| 105 WELLINGTON AVENUE | 2025-08 | $1,585,000 | 2,926 | 64.4% |
| 42 HADDONFIELD ROAD | 2025-07 | $2,200,000 | 2,989 | 64.7% |
| 23 CANTERBURY LANE | 2025-01 | $2,320,000 | 3,022 | 52.8% |
| 69A MECHANIC STREET | 2025-10 | $1,287,000 | 2,518 | 60.2% |
| 15 CANTERBURY LANE | 2026-03 | $2,310,000 | 3,083 | 47.1% |
| 44 RAWLEY PLACE | 2026-05 | $2,000,000 | 3,088 | 44.0% |
| 128 GREAT HILLS ROAD | 2026-04 | $2,300,000 | 3,082 | 42.4% |
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