The Fair Share Report

84 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

≈ $1,047,352

Likely range $832,964 – $1,247,856, from 12 comparable Millburn sales in the past 18 months, at this home's 1,316 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 $1,047,352 home should be assessed near $733,356.

Step 3 · Assessed value

$684,000

Set at the last town-wide revaluation and mostly frozen since. That's $49,356 below what the ratio math suggests (6.7%).

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

$13,810/yr
Public schools$7,069
Essex County$3,100
Town of Millburn$3,641
Millburn average$26,292

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

Town median 60.8%
This home · 65.3%

45%88%

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
270D MAIN STREET2026-03$665,0001,18766.0%
67 MYRTLE AVENUE2025-07$1,130,0001,24261.5%
14 CANTERBURY LANE2026-04$1,450,0001,25956.4%
31 WOODLAND ROAD2025-06$1,437,5001,51657.2%
42 WILLOW STREET2025-09$995,0001,57252.3%
23 LOCUST AVENUE2025-08$980,0001,30961.6%
206 MAIN STREET C306B2026-01$403,00096578.9%
7 SUNSET DRIVE2025-07$965,0001,68265.7%
21 KILMER DRIVE2025-07$1,568,0001,59056.8%
80 GREAT OAK DRIVE2025-12$1,306,5001,52765.1%
30 SILVER SPRING ROAD2026-04$1,900,0001,85949.6%
22 REEVE CIRCLE2025-07$1,175,0001,72454.0%

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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 →