The Fair Share Report
8 Bailey 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,358,596 – $1,802,008, 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 $1,559,542 home should be assessed near $1,091,991.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $410,991 below what the ratio math suggests (37.6%).
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
32%86%
Keep quiet and enjoy it
This home's assessment ratio sits below the Millburn pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 246 WHITE OAK RIDGE ROAD | 2025-06 | $1,725,000 | 2,178 | 61.0% |
| 114 HOBART AVENUE | 2025-01 | $1,430,000 | 1,935 | 64.6% |
| 17 ANDOVER DRIVE | 2025-12 | $1,310,000 | 1,921 | 72.3% |
| 71 STONY LANE | 2025-09 | $1,850,000 | 2,164 | 50.0% |
| 10 FIELDING ROAD | 2026-04 | $1,800,000 | 2,041 | 64.2% |
| 32 MARION AVENUE | 2025-06 | $1,620,000 | 2,070 | 65.8% |
| 42 GREENWOOD DRIVE | 2025-08 | $1,300,000 | 2,410 | 65.4% |
| 387 WYOMING AVENUE | 2025-02 | $1,500,000 | 2,163 | 51.8% |
| 120 OLD SHORT HILLS ROAD | 2025-08 | $1,280,000 | 1,802 | 70.2% |
| 232 GLEN AVENUE | 2025-12 | $1,700,000 | 2,227 | 52.0% |
| 66 WHITNEY ROAD | 2025-07 | $2,150,000 | 2,426 | 53.6% |
| 256 GLEN AVENUE | 2026-05 | $999,999 | 1,830 | 72.7% |
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