The Fair Share Report

63 Maple St

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

≈ $1,291,192

Likely range $997,721 – $1,465,679, from 12 comparable Millburn sales in the past 18 months, at this home's 1,869 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 $1,291,192 home should be assessed near $904,093.

Step 3 · Assessed value

$691,800

Set at the last town-wide revaluation and mostly frozen since. That's $212,293 below what the ratio math suggests (23.5%).

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

$13,967/yr
Public schools$7,150
Essex County$3,135
Town of Millburn$3,682
Millburn average$26,292

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

Town median 60.8%
This home · 53.6%

42%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
60 SOUTHERN SLOPE DRIVE2025-08$1,410,0001,79857.4%
911 RIDGEWOOD ROAD2025-04$995,0001,83769.5%
10 RAWLEY PLACE2025-07$1,558,0001,92551.7%
57 ELMWOOD PLACE2025-06$1,523,9991,93257.7%
94 MOUNTAINVIEW ROAD2026-05$1,550,0001,87952.0%
114 MYRTLE AVENUE2025-08$898,0001,89068.3%
21 NORWOOD TERRACE2025-04$1,135,0001,74261.6%
15 NORWOOD TERRACE2026-03$1,200,0001,73754.8%
25 CYPRESS STREET2025-06$939,0001,75957.1%
82 STONY LANE2026-02$1,450,0001,94162.0%
8 WILLOW STREET2025-07$800,0002,06770.5%
64 SOUTHERN SLOPE DRIVE2025-07$1,385,0001,78653.9%

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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 →