The Fair Share Report
40 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 $1,552,606 – $1,867,582, 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 $1,664,609 home should be assessed near $1,165,559.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $215,559 below what the ratio math suggests (18.5%).
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
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 |
|---|---|---|---|---|
| 246 WHITE OAK RIDGE ROAD | 2025-06 | $1,725,000 | 2,178 | 61.0% |
| 18 SILVER SPRING ROAD | 2025-07 | $1,700,000 | 2,250 | 55.7% |
| 42 GREENWOOD DRIVE | 2025-08 | $1,300,000 | 2,410 | 65.4% |
| 387 WYOMING AVENUE | 2025-02 | $1,500,000 | 2,163 | 51.8% |
| 10 FIELDING ROAD | 2026-04 | $1,800,000 | 2,041 | 64.2% |
| 71 STONY LANE | 2025-09 | $1,850,000 | 2,164 | 50.0% |
| 32 MARION AVENUE | 2025-06 | $1,620,000 | 2,070 | 65.8% |
| 250 OLD SHORT HILLS ROAD | 2026-05 | $1,795,000 | 1,857 | 48.8% |
| 250 OLD SHORT HILLS ROAD | 2025-06 | $1,600,000 | 1,857 | 54.7% |
| 232 GLEN AVENUE | 2025-12 | $1,700,000 | 2,227 | 52.0% |
| 24 FARLEY ROAD | 2025-06 | $1,950,000 | 2,428 | 66.8% |
| 1 CLIVE HILLS ROAD | 2025-06 | $1,600,000 | 2,124 | 75.8% |
Is this your house?
Run your own report →