The Fair Share Report

75 Mohawk Rd

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.

Step 1 · Market value

≈ $2,569,829

Likely range $2,289,303 – $2,985,037, from 12 comparable Millburn sales in the past 18 months, at this home's 3,888 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 $2,569,829 home should be assessed near $1,799,394.

Step 3 · Assessed value

$1,406,600

Set at the last town-wide revaluation and mostly frozen since. That's $392,794 below what the ratio math suggests (21.8%).

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

$28,399/yr
Public schools$14,537
Essex County$6,375
Town of Millburn$7,487
Millburn average$26,292

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

Town median 60.8%
This home · 54.7%

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
23 BRIARWOOD DRIVE2025-07$2,820,0003,88158.6%
10 OSWEGO LANE2025-09$2,145,0003,98934.8%
36 CAYUGA WAY2025-10$2,413,0003,66062.5%
8 PARK PLACE2026-05$3,260,0003,98352.9%
12 CAYUGA WAY2026-05$2,800,0083,64752.4%
94 TENNYSON DRIVE2025-04$2,616,0004,06053.4%
58 FAR BROOK DRIVE2025-05$2,400,0004,07664.9%
9 WESTVIEW ROAD2026-04$3,100,0004,17259.1%
26 MERRYWOOD LANE2025-07$3,150,0003,69955.9%
66 CANOE BROOK ROAD2026-04$1,999,9993,63755.5%
85 ATHENS ROAD2026-06$2,625,0003,67348.4%
39 WESTVIEW ROAD2025-06$2,550,0003,85857.1%

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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 →