The Fair Share Report
53 Pershing Ave
Milltown, NJ 08850
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Milltown's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $483,399 – $620,349, 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 $524,329 home should be assessed near $172,976.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,676 below what the ratio math suggests (3.9%).
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
19%46%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 29 BOOREAM AVE | 2025-08 | $540,000 | 1,654 | 32.9% |
| 36 W LAKEWOOD AVE | 2025-07 | $253,000 | 1,434 | 54.7% |
| 16 VAN LIEW AVE | 2025-05 | $540,000 | 1,422 | 23.0% |
| 48 SOUTH ST | 2026-04 | $462,000 | 1,430 | 28.4% |
| 13 HOWARD ST | 2025-06 | $505,000 | 1,296 | 33.3% |
| 18 HARRISON AVE | 2025-10 | $435,000 | 1,512 | 30.2% |
| 58 HARRISON AVE | 2026-02 | $560,000 | 1,486 | 28.8% |
| 6 NICHOLAS CT | 2026-04 | $489,000 | 1,574 | 36.3% |
| 105 BOOREAM AVE | 2025-04 | $560,000 | 1,836 | 31.6% |
| 199 NO BROOK DR | 2025-06 | $595,000 | 1,708 | 36.0% |
| 205 NO MOETZ DR | 2025-07 | $650,000 | 1,826 | 24.5% |
| 13 MILLERS LANE | 2026-04 | $660,000 | 1,852 | 24.6% |
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