The Fair Share Report
34 Exeter 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 $1,574,135 – $1,878,116, 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 $1,784,424 home should be assessed near $1,249,454.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $212,254 below what the ratio math suggests (17.0%).
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 |
|---|---|---|---|---|
| 32 MARION AVENUE | 2025-06 | $1,620,000 | 2,070 | 65.8% |
| 30 COLONIAL WAY | 2026-04 | $2,305,000 | 2,526 | 51.0% |
| 71 STONY LANE | 2025-09 | $1,850,000 | 2,164 | 50.0% |
| 33 HARAN CIRCLE | 2026-03 | $1,887,000 | 2,364 | 48.5% |
| 45 MOUNTAINVIEW ROAD | 2025-11 | $1,810,000 | 2,363 | 51.4% |
| 34 PINE TERRACE EAST | 2025-06 | $1,250,000 | 2,324 | 67.4% |
| 11 WYNDHAM ROAD | 2025-02 | $1,752,500 | 2,426 | 60.4% |
| 1 ELIOT PLACE | 2025-04 | $1,825,000 | 2,209 | 54.9% |
| 26 CLAREMONT DRIVE | 2025-07 | $1,900,000 | 2,349 | 53.2% |
| 86 ELM STREET | 2025-05 | $1,910,000 | 2,464 | 49.8% |
| 11 INWOOD ROAD | 2025-09 | $1,490,000 | 2,383 | 63.4% |
| 28 PINE TERRACE WEST | 2025-07 | $1,830,000 | 2,616 | 57.0% |
Is this your house?
Run your own report →