The Fair Share Report

6 Farview Rd

Millburn, NJ 07041

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.

Step 1 · Market value

≈ $1,662,897

Likely range $1,465,386 – $1,820,755, from 12 comparable Millburn sales in the past 18 months, at this home's 1,930 sq ft.

Step 2 · The Director's Ratio

70.02%

The state's official measure of how far Millburn assessments sit below market value — republished every October, applied town-wide. A $1,662,897 home should be assessed near $1,164,360.

Step 3 · Assessed value

$976,100

Set at the last town-wide revaluation and mostly frozen since. That's $188,260 below what the ratio math suggests (16.2%).

Step 4 · The tax rate — same for every Millburn home

$2.019 per $100 assessed

$1.033 Schools · 51% $0.453 County · 22% $0.532 Town · 26%

Step 5 · The bill

$19,707/yr
Public schools$10,088
Essex County$4,424
Town of Millburn$5,195
Millburn average$26,292

This home vs. every recent Millburn sale · assessed ÷ market

Town median 60.8%
This home · 58.7%

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)

AddressSoldPriceSq ftRatio
1 CLIVE HILLS ROAD2025-06$1,600,0002,12475.8%
87 GREAT HILLS ROAD2025-08$1,800,0001,90851.7%
250 OLD SHORT HILLS ROAD2026-05$1,795,0001,85748.8%
250 OLD SHORT HILLS ROAD2025-06$1,600,0001,85754.7%
1 ALEXANDER LANE2025-09$1,700,0002,23953.9%
10 FIELDING ROAD2026-04$1,800,0002,04164.2%
18 SILVER SPRING ROAD2025-07$1,700,0002,25055.7%
378 WHITE OAK RIDGE ROAD2026-03$1,455,0001,61950.9%
16 BRIARWOOD DRIVE2025-08$1,950,0002,40847.3%
221 PARSONAGE HILL ROAD2025-12$1,695,0001,98258.3%
285 TAYLOR ROAD SOUTH2025-05$1,925,0001,93463.5%
330 WYOMING AVENUE2025-05$960,0002,11872.9%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →