The Fair Share Report
41 First St
Milltown, NJ 08850
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 $415,799 – $699,671, from 12 comparable Milltown 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 Milltown assessments sit below market value — republished every October, applied town-wide. A $494,805 home should be assessed near $163,236.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,736 below what the ratio math suggests (10.9%).
Step 4 · The tax rate — same for every Milltown home
$4.257 Schools · 61% $0.964 County · 14% $1.729 Town · 25%
Step 5 · The bill
This home vs. every recent Milltown sale · assessed ÷ market
15%46%
Paying about right
This home's ratio lands inside Milltown'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 |
|---|---|---|---|---|
| 81 CLEVELAND AVE | 2025-10 | $320,000 | 1,332 | 46.9% |
| 65 ALBERT AVE | 2025-07 | $475,000 | 1,377 | 30.0% |
| 190 SO MOETZ DR | 2025-06 | $500,000 | 1,340 | 32.1% |
| 58 HARRISON AVE | 2026-02 | $560,000 | 1,486 | 28.8% |
| 93 FIRST ST | 2026-03 | $490,000 | 964 | 31.2% |
| 12 W JOFFRE AVE | 2025-06 | $515,000 | 1,094 | 29.3% |
| 36 W LAKEWOOD AVE | 2025-07 | $253,000 | 1,434 | 54.7% |
| 6 NICHOLAS CT | 2026-04 | $489,000 | 1,574 | 36.3% |
| 13 HOWARD ST | 2025-06 | $505,000 | 1,296 | 33.3% |
| 95 J F KENNEDY DR | 2026-03 | $450,000 | 884 | 29.0% |
| 45 E FOCH AVE | 2025-03 | $470,000 | 884 | 24.8% |
| 331 SO MAIN ST | 2025-01 | $465,000 | 884 | 27.9% |
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