The Fair Share Report
44 Thackeray Dr
Millburn, NJ 07078
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 $1,968,327 – $2,434,218, 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 $2,291,619 home should be assessed near $1,604,592.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,492 below what the ratio math suggests (6.5%).
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
45%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 |
|---|---|---|---|---|
| 425 LONG HILL DRIVE | 2026-04 | $2,499,999 | 3,404 | 59.9% |
| 30 AUDUBON COURT | 2025-06 | $2,300,000 | 3,293 | 60.6% |
| 82 MOHAWK ROAD | 2025-10 | $2,345,000 | 3,246 | 58.2% |
| 25 FAR BROOK DRIVE | 2026-04 | $2,880,000 | 3,392 | 56.8% |
| 423 LONG HILL DRIVE | 2026-04 | $1,995,000 | 3,234 | 60.0% |
| 128 GREAT HILLS ROAD | 2026-04 | $2,300,000 | 3,082 | 42.4% |
| 197 PARSONAGE HILL ROAD | 2026-06 | $2,736,500 | 3,318 | 47.7% |
| 80 CANOE BROOK ROAD | 2026-05 | $1,750,000 | 3,092 | 70.8% |
| 10 GAP VIEW ROAD | 2025-03 | $2,300,000 | 3,393 | 65.2% |
| 85 ATHENS ROAD | 2026-06 | $2,625,000 | 3,673 | 48.4% |
| 18 SPARTA ROAD | 2026-04 | $1,975,000 | 3,185 | 76.5% |
| 18 SPARTA ROAD | 2026-04 | $1,677,000 | 3,185 | 90.1% |
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