The Fair Share Report
53 Pine Ter E
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 $1,708,110 – $1,863,943, 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 $1,775,850 home should be assessed near $1,243,450.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $265,050 below what the ratio math suggests (21.3%).
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 |
|---|---|---|---|---|
| 1 ALEXANDER LANE | 2025-09 | $1,700,000 | 2,239 | 53.9% |
| 1 CLIVE HILLS ROAD | 2025-06 | $1,600,000 | 2,124 | 75.8% |
| 18 SILVER SPRING ROAD | 2025-07 | $1,700,000 | 2,250 | 55.7% |
| 16 BRIARWOOD DRIVE | 2025-08 | $1,950,000 | 2,408 | 47.3% |
| 272 GLEN AVENUE | 2026-05 | $2,000,000 | 2,460 | 37.7% |
| 24 FARLEY ROAD | 2025-06 | $1,950,000 | 2,428 | 66.8% |
| 61 WESTERN DRIVE | 2026-05 | $1,900,000 | 2,544 | 72.4% |
| 111 PARSONAGE HILL ROAD | 2026-06 | $1,900,000 | 2,414 | 56.6% |
| 151 MOHAWK ROAD | 2026-05 | $2,200,000 | 2,192 | 48.7% |
| 40 OVAL ROAD | 2025-10 | $1,350,000 | 2,218 | 65.0% |
| 400 OLD SHORT HILLS ROAD | 2025-11 | $1,800,000 | 2,644 | 53.8% |
| 6 TROY DRIVE | 2025-05 | $2,150,000 | 2,764 | 64.0% |
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