The Fair Share Report
9 E Ln
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,986,251 – $2,581,405, from 12 comparable Millburn sales in the past 18 months, at this home's 3,612 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 $2,412,270 home should be assessed near $1,689,071.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $402,729 above what the ratio math suggests (23.8%).
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%111%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (80.52%) — roughly $8,131/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 59 WEST ROAD | 2025-11 | $1,999,000 | 3,787 | 66.8% |
| 22 JOANNA WAY | 2025-01 | $2,725,000 | 3,927 | 72.0% |
| 47 BARNSDALE ROAD | 2025-07 | $2,750,000 | 3,486 | 69.7% |
| 11 SHERWOOD ROAD | 2025-07 | $2,720,000 | 4,273 | 71.0% |
| 209 PARSONAGE HILL ROAD | 2025-05 | $2,260,000 | 3,384 | 68.4% |
| 9 EAST BEECHCROFT ROAD | 2025-03 | $2,300,000 | 3,374 | 65.9% |
| 1 SLOPE DRIVE | 2026-06 | $3,283,150 | 4,032 | 56.8% |
| 66 CANOE BROOK ROAD | 2026-04 | $1,999,999 | 3,637 | 55.5% |
| 50 GROSVENOR ROAD | 2025-10 | $3,200,000 | 4,597 | 63.3% |
| 2 OAKLAWN ROAD | 2025-07 | $2,408,750 | 4,449 | 72.2% |
| 29 MARION AVENUE | 2025-08 | $1,950,000 | 4,171 | 82.7% |
| 293 LUPINE WAY | 2025-07 | $2,600,000 | 3,469 | 57.5% |
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