The Fair Share Report
88 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $958,115 – $1,295,045, from 12 comparable Millburn sales in the past 18 months, at this home's 1,670 sq ft.
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 $1,168,373 home should be assessed near $818,095.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,095 below what the ratio math suggests (8.3%).
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
45%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 15 ROSEDALE AVENUE | 2025-06 | $1,158,000 | 1,580 | 51.3% |
| 48 LOCUST AVENUE | 2025-12 | $1,118,000 | 1,598 | 61.4% |
| 45 OCEAN STREET | 2025-10 | $990,000 | 1,644 | 31.6% |
| 45 OCEAN STREET | 2025-05 | $820,000 | 1,644 | 38.2% |
| 418 MILLBURN AVENUE | 2025-01 | $815,000 | 1,773 | 64.2% |
| 22 BAILEY ROAD | 2025-07 | $1,150,000 | 1,613 | 61.7% |
| 894 RIDGEWOOD ROAD | 2026-05 | $1,417,000 | 1,619 | 52.5% |
| 64 SOUTHERN SLOPE DRIVE | 2025-07 | $1,385,000 | 1,786 | 53.9% |
| 7 SUNSET DRIVE | 2025-07 | $965,000 | 1,682 | 65.7% |
| 15 NORWOOD TERRACE | 2026-03 | $1,200,000 | 1,737 | 54.8% |
| 22 REEVE CIRCLE | 2025-07 | $1,175,000 | 1,724 | 54.0% |
| 911 RIDGEWOOD ROAD | 2025-04 | $995,000 | 1,837 | 69.5% |
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