The Fair Share Report
48 Sinclair Ter
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 $1,789,170 – $2,212,917, 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 $2,077,752 home should be assessed near $1,454,842.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $115,158 above what the ratio math suggests (7.9%).
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
45%93%
A touch high — worth watching
This home's ratio sits above most of Millburn, but doesn't clear NJ's legal appeal line (80.52%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 6 TROY DRIVE | 2025-05 | $2,150,000 | 2,764 | 64.0% |
| 7 FALMOUTH STREET | 2024-12 | $2,310,000 | 3,018 | 55.1% |
| 200 OLD SHORT HILLS ROAD | 2025-06 | $1,810,000 | 3,040 | 55.1% |
| 400 OLD SHORT HILLS ROAD | 2025-11 | $1,800,000 | 2,644 | 53.8% |
| 61 WESTERN DRIVE | 2026-05 | $1,900,000 | 2,544 | 72.4% |
| 2 WEST BEECHCROFT ROAD | 2025-03 | $2,094,000 | 3,168 | 77.7% |
| 39 BROWNING ROAD | 2025-01 | $2,200,000 | 2,874 | 58.0% |
| 7 HAMPSHIRE ROAD | 2026-04 | $1,999,000 | 2,903 | 68.4% |
| 32 WELLS LANE | 2025-12 | $2,450,000 | 2,628 | 58.3% |
| 236 WHITE OAK RIDGE ROAD | 2026-05 | $1,810,101 | 2,671 | 61.4% |
| 67 GREAT HILLS ROAD | 2025-10 | $1,500,000 | 2,513 | 69.7% |
| 272 GLEN AVENUE | 2026-05 | $2,000,000 | 2,460 | 37.7% |
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