The Fair Share Report
52 Silver Spring Rd
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 $1,791,353 – $2,082,559, 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 $1,927,787 home should be assessed near $1,349,836.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $232,336 below what the ratio math suggests (17.2%).
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 |
|---|---|---|---|---|
| 817 RIDGEWOOD ROAD | 2025-03 | $1,425,000 | 2,597 | 63.2% |
| 236 WHITE OAK RIDGE ROAD | 2026-05 | $1,810,101 | 2,671 | 61.4% |
| 2 DEERFIELD ROAD | 2025-07 | $1,900,000 | 2,789 | 51.4% |
| 23 CANTERBURY LANE | 2025-01 | $2,320,000 | 3,022 | 52.8% |
| 33 HARAN CIRCLE | 2026-03 | $1,887,000 | 2,364 | 48.5% |
| 11 INWOOD ROAD | 2025-09 | $1,490,000 | 2,383 | 63.4% |
| 1 ELIOT PLACE | 2025-04 | $1,825,000 | 2,209 | 54.9% |
| 28 PINE TERRACE WEST | 2025-07 | $1,830,000 | 2,616 | 57.0% |
| 400 OLD SHORT HILLS ROAD | 2025-11 | $1,800,000 | 2,644 | 53.8% |
| 15 CANTERBURY LANE | 2026-03 | $2,310,000 | 3,083 | 47.1% |
| 39 BROWNING ROAD | 2025-01 | $2,200,000 | 2,874 | 58.0% |
| 32 WELLS LANE | 2025-12 | $2,450,000 | 2,628 | 58.3% |
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