The Fair Share Report
44 Pershing Ave
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 $357,219 – $476,958, 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 $406,006 home should be assessed near $133,941.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,141 below what the ratio math suggests (15.0%).
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
18%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 |
|---|---|---|---|---|
| 20 HAIG AVE | 2026-01 | $400,000 | 1,003 | 29.6% |
| 60 SO MAIN ST | 2025-01 | $410,000 | 924 | 31.6% |
| 110 W CHURCH ST | 2025-11 | $345,000 | 864 | 30.6% |
| 72 W CHURCH ST | 2025-05 | $275,000 | 843 | 43.5% |
| 14 SOUTH ST | 2026-03 | $428,000 | 850 | 31.4% |
| 45 E FOCH AVE | 2025-03 | $470,000 | 884 | 24.8% |
| 331 SO MAIN ST | 2025-01 | $465,000 | 884 | 27.9% |
| 95 J F KENNEDY DR | 2026-03 | $450,000 | 884 | 29.0% |
| 93 FIRST ST | 2026-03 | $490,000 | 964 | 31.2% |
| 18 SCOTT AVE | 2026-04 | $380,000 | 780 | 23.3% |
| 91 SO MAIN ST | 2025-03 | $300,000 | 1,116 | 34.5% |
| 73 FORD AVE | 2025-01 | $330,000 | 832 | 26.1% |
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