The Fair Share Report
89 Spring 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 $1,168,060 – $1,482,671, from 12 comparable Millburn sales in the past 18 months, at this home's 1,772 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 $1,342,263 home should be assessed near $939,853.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $344,453 below what the ratio math suggests (36.6%).
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
35%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 |
|---|---|---|---|---|
| 28 LOCUST AVENUE | 2025-10 | $1,265,000 | 1,670 | 51.9% |
| 8 CLAREMONT DRIVE | 2026-05 | $1,380,000 | 1,800 | 61.0% |
| 819 RIDGEWOOD ROAD | 2026-05 | $1,230,000 | 1,828 | 62.7% |
| 82 STONY LANE | 2026-02 | $1,450,000 | 1,941 | 62.0% |
| 60 SOUTHERN SLOPE DRIVE | 2025-08 | $1,410,000 | 1,798 | 57.4% |
| 21 NORWOOD TERRACE | 2025-04 | $1,135,000 | 1,742 | 61.6% |
| 12 MEADOWBROOK ROAD | 2026-02 | $1,322,020 | 1,580 | 58.7% |
| 25 CYPRESS STREET | 2025-06 | $939,000 | 1,759 | 57.1% |
| 15 CLAREMONT DRIVE | 2025-04 | $1,460,000 | 1,597 | 60.9% |
| 7 SUNSET DRIVE | 2025-07 | $965,000 | 1,682 | 65.7% |
| 69 MILTON STREET | 2025-07 | $1,640,000 | 1,870 | 46.6% |
| 30 SILVER SPRING ROAD | 2026-04 | $1,900,000 | 1,859 | 49.6% |
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