The Fair Share Report
41 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 $2,195,005 – $3,135,943, 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 $2,599,272 home should be assessed near $1,820,010.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $259,310 below what the ratio math suggests (14.2%).
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
44%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 |
|---|---|---|---|---|
| 40 LEE TERRACE | 2025-12 | $3,500,000 | 4,404 | 74.5% |
| 12 CONISTON ROAD | 2026-03 | $3,850,000 | 3,777 | 62.8% |
| 44 WEST BEECHCROFT ROAD | 2026-02 | $2,830,000 | 4,656 | 69.4% |
| 8 WOODSTONE CIRCLE | 2026-03 | $1,929,000 | 3,098 | 66.6% |
| 26 DORSET LANE | 2025-12 | $3,385,000 | 4,401 | 60.6% |
| 42 EXETER ROAD | 2025-02 | $2,550,000 | 3,986 | 74.2% |
| 131 LAWRENCE DRIVE | 2026-06 | $2,228,000 | 3,696 | 65.4% |
| 54 BARNSDALE ROAD | 2025-04 | $3,125,000 | 4,645 | 71.0% |
| 28 WATCHUNG ROAD | 2025-05 | $2,750,000 | 3,783 | 51.7% |
| 58 MERRYWOOD LANE | 2026-06 | $2,995,000 | 3,579 | 62.0% |
| 6 DRYDEN TERRACE | 2026-01 | $4,000,000 | 3,997 | 61.2% |
| 374 WHITE OAK RIDGE ROAD | 2025-08 | $2,715,000 | 4,662 | 68.6% |
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