The Fair Share Report
41 Spring St
Millburn, NJ 07041
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 $971,126 – $1,553,671, 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 $1,468,389 home should be assessed near $1,028,166.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $543,466 below what the ratio math suggests (52.9%).
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
26%86%
Keep quiet and enjoy it
This home's assessment ratio sits below the Millburn pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 114 MYRTLE AVENUE | 2025-08 | $898,000 | 1,890 | 68.3% |
| 10 RAWLEY PLACE | 2025-07 | $1,558,000 | 1,925 | 51.7% |
| 451 WYOMING AVENUE | 2025-01 | $1,121,000 | 1,956 | 58.3% |
| 94 MOUNTAINVIEW ROAD | 2026-05 | $1,550,000 | 1,879 | 52.0% |
| 62 WHITTINGHAM TERRACE | 2025-04 | $1,500,000 | 1,993 | 56.8% |
| 911 RIDGEWOOD ROAD | 2025-04 | $995,000 | 1,837 | 69.5% |
| 64 SOUTHERN SLOPE DRIVE | 2025-07 | $1,385,000 | 1,786 | 53.9% |
| 57 ELMWOOD PLACE | 2025-06 | $1,523,999 | 1,932 | 57.7% |
| 9 MIDHURST ROAD | 2025-09 | $1,999,999 | 2,052 | 66.3% |
| 8 WILLOW STREET | 2025-07 | $800,000 | 2,067 | 70.5% |
| 60 SOUTHERN SLOPE DRIVE | 2025-08 | $1,410,000 | 1,798 | 57.4% |
| 110 WELLINGTON AVENUE | 2025-06 | $1,600,000 | 2,075 | 56.9% |
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