The Fair Share Report
43 Spring St
Millburn, NJ 07701
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 $1,068,832 – $1,793,663, 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 $1,349,760 home should be assessed near $945,102.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $350,602 below what the ratio math suggests (37.1%).
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
28%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 |
|---|---|---|---|---|
| 16 DUNCAN STREET | 2025-06 | $1,700,000 | 2,079 | 70.5% |
| 20 BODWELL TERRACE | 2025-07 | $1,225,000 | 2,266 | 67.8% |
| 59 CHURCH STREET | 2025-09 | $1,100,000 | 2,174 | 54.8% |
| 70 WELLINGTON AVENUE | 2025-07 | $1,550,000 | 2,121 | 68.5% |
| 425 WYOMING AVENUE | 2026-04 | $1,450,000 | 2,473 | 57.4% |
| 103 CYPRESS STREET | 2025-07 | $1,406,000 | 2,300 | 56.0% |
| 20 INWOOD ROAD | 2025-05 | $1,820,000 | 2,370 | 56.6% |
| 114 MYRTLE AVENUE | 2025-08 | $898,000 | 1,890 | 68.3% |
| 8 WILLOW STREET | 2025-07 | $800,000 | 2,067 | 70.5% |
| 10 RAWLEY PLACE | 2025-07 | $1,558,000 | 1,925 | 51.7% |
| 451 WYOMING AVENUE | 2025-01 | $1,121,000 | 1,956 | 58.3% |
| 105 MOUNTAINVIEW ROAD | 2025-10 | $1,300,000 | 2,108 | 59.2% |
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