The Fair Share Report
515 Oak St E
Millville, NJ 08077
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 $74,546 – $198,725, from 12 comparable Millville 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 Millville assessments sit below market value — republished every October, applied town-wide. A $135,149 home should be assessed near $77,630.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,830 below what the ratio math suggests (46.2%).
Step 4 · The tax rate — same for every Millville home
$1.141 Schools · 28% $1.494 County · 37% $1.418 Town · 35%
Step 5 · The bill
This home vs. every recent Millville sale · assessed ÷ market
16%79%
Paying about right
This home's ratio lands inside Millville'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 |
|---|---|---|---|---|
| 414 W POWELL ST | 2026-02 | $115,000 | 960 | 31.7% |
| 408 W POWELL ST | 2025-11 | $150,000 | 1,044 | 25.0% |
| 805 E MAIN ST | 2025-08 | $90,000 | 984 | 72.2% |
| 1012 ARCHER ST | 2025-10 | $65,000 | 858 | 55.4% |
| 216 W MCNEAL ST | 2025-05 | $90,000 | 1,064 | 93.9% |
| 404 MAURICE ST | 2026-05 | $196,500 | 936 | 37.1% |
| 24 RACE ST S | 2025-08 | $250,000 | 1,034 | 16.0% |
| 918 N 4TH ST | 2025-07 | $150,000 | 1,021 | 43.7% |
| 5 S PEARL ST | 2026-05 | $205,000 | 1,000 | 26.1% |
| 2023 NEWCOMBTOWN RD | 2025-07 | $160,000 | 1,140 | 88.2% |
| 332 E BROAD ST | 2026-02 | $75,000 | 1,056 | 54.5% |
| 1910 E MAIN ST | 2025-03 | $225,000 | 1,008 | 53.1% |
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