The Fair Share Report

44 Maple 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.

Step 1 · Market value

≈ $1,472,537

Likely range $993,109 – $1,613,793, from 12 comparable Millburn sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

70.02%

The state's official measure of how far Millburn assessments sit below market value — republished every October, applied town-wide. A $1,472,537 home should be assessed near $1,031,070.

Step 3 · Assessed value

$687,900

Set at the last town-wide revaluation and mostly frozen since. That's $343,170 below what the ratio math suggests (33.3%).

Step 4 · The tax rate — same for every Millburn home

$2.019 per $100 assessed

$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%

Step 5 · The bill

$13,889/yr
Public schools$7,110
Essex County$3,118
Town of Millburn$3,661
Millburn average$26,292

This home vs. every recent Millburn sale · assessed ÷ market

Town median 60.8%
This home · 46.7%

37%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)

AddressSoldPriceSq ftRatio
8 WILLOW STREET2025-07$800,0002,06770.5%
57 ELMWOOD PLACE2025-06$1,523,9991,93257.7%
10 RAWLEY PLACE2025-07$1,558,0001,92551.7%
7 WILLOW STREET2025-06$850,0002,12264.7%
62 WHITTINGHAM TERRACE2025-04$1,500,0001,99356.8%
70 WELLINGTON AVENUE2025-07$1,550,0002,12168.5%
451 WYOMING AVENUE2025-01$1,121,0001,95658.3%
82 STONY LANE2026-02$1,450,0001,94162.0%
9 MIDHURST ROAD2025-09$1,999,9992,05266.3%
60 SOUTHERN SLOPE DRIVE2025-08$1,410,0001,79857.4%
94 MOUNTAINVIEW ROAD2026-05$1,550,0001,87952.0%
114 MYRTLE AVENUE2025-08$898,0001,89068.3%

Is this your house?

Run your own report →

Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →