The Fair Share Report

700 E St

Millville, NJ 08332

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

≈ $180,934

Likely range $92,653 – $218,270, from 12 comparable Millville sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

57.44%

The state's official measure of how far Millville assessments sit below market value — republished every October, applied town-wide. A $180,934 home should be assessed near $103,928.

Step 3 · Assessed value

$47,300

Set at the last town-wide revaluation and mostly frozen since. That's $56,628 below what the ratio math suggests (54.5%).

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

$4.053 per $100 assessed

$1.141 Schools · 28% $1.494 County · 37% $1.418 Town · 35%

Step 5 · The bill

$1,918/yr
Public schools$540
Cumberland County$707
Town of Millville$671
Millville average$5,109

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

Town median 48.2%
This home · 26.1%

16%79%

Paying about right

This home's ratio lands inside Millville'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
517 N 2ND ST2025-05$315,00031.8%
404 MAURICE ST2026-05$196,50093637.1%
407 E ST2025-06$130,00090967.2%
420 FULTON ST2026-03$255,00086532.8%
414 W POWELL ST2026-02$115,00096031.7%
908 SASSAFRAS ST2025-12$190,00096442.3%
1308 E MAIN ST2026-05$220,00086443.3%
5 S PEARL ST2026-05$205,0001,00026.1%
805 E MAIN ST2025-08$90,00098472.2%
517 MAPLE ST2026-03$239,9001,04435.9%
517 MAPLE ST2025-09$120,0001,04471.7%
829 CARMEL RD2026-01$180,00099449.1%

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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 →