The Fair Share Report
38 Sinclair Ter
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 $4,494,181 – $5,830,778, 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 $5,176,453 home should be assessed near $3,624,552.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,552 below what the ratio math suggests (2.7%).
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 |
|---|---|---|---|---|
| 32 TROY DRIVE | 2025-07 | $3,050,000 | 7,385 | 80.3% |
| 89 STEWART ROAD | 2025-04 | $4,625,000 | 6,875 | 67.8% |
| 49 WOODCREST AVENUE | 2026-02 | $5,000,000 | 5,982 | 67.1% |
| 368 HARTSHORN DRIVE | 2026-03 | $3,999,000 | 5,678 | 79.1% |
| 91 FAIRFIELD DRIVE | 2025-08 | $3,700,000 | 6,083 | 67.6% |
| 22 DORSET LANE | 2025-02 | $4,050,000 | 5,314 | 53.3% |
| 24 SEMINOLE WAY | 2026-03 | $4,750,000 | 5,589 | 65.0% |
| 126 FAIRFIELD DRIVE | 2026-06 | $3,500,000 | 5,756 | 91.9% |
| 83 STEWART ROAD | 2026-06 | $5,000,000 | 6,941 | 55.5% |
| 8 SHERWOOD ROAD | 2025-04 | $4,288,000 | 5,502 | 60.6% |
| 270 WHITE OAK RIDGE ROAD | 2025-08 | $3,100,000 | 4,932 | 66.0% |
| 25 CLIVE HILLS ROAD | 2025-08 | $4,000,000 | 4,969 | 61.1% |
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