The Fair Share Report
55 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 $1,780,337 – $2,202,960, 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 $2,109,866 home should be assessed near $1,477,328.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $310,528 below what the ratio math suggests (21.0%).
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 |
|---|---|---|---|---|
| 129 SAGAMORE ROAD | 2026-05 | $1,925,000 | 2,522 | 51.1% |
| 6 TROY DRIVE | 2025-05 | $2,150,000 | 2,764 | 64.0% |
| 36 THACKERAY DRIVE | 2026-06 | $1,999,999 | 3,088 | 65.1% |
| 27 INVERNESS COURT | 2025-08 | $2,550,000 | 3,294 | 61.8% |
| 128 GREAT HILLS ROAD | 2026-04 | $2,300,000 | 3,082 | 42.4% |
| 200 OLD SHORT HILLS ROAD | 2025-06 | $1,810,000 | 3,040 | 55.1% |
| 77 FALMOUTH STREET | 2026-05 | $2,550,000 | 3,112 | 59.9% |
| 45 GREAT HILLS ROAD | 2025-07 | $1,999,000 | 3,074 | 39.4% |
| 139 GREAT HILLS ROAD | 2025-06 | $2,060,000 | 2,940 | 57.0% |
| 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% |
| 7 FALMOUTH STREET | 2024-12 | $2,310,000 | 3,018 | 55.1% |
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