The Fair Share Report
92 Rector 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 $1,299,665 – $1,836,533, 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 $1,658,571 home should be assessed near $1,161,331.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $519,131 below what the ratio math suggests (44.7%).
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
30%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 |
|---|---|---|---|---|
| 16 DUNCAN STREET | 2025-06 | $1,700,000 | 2,079 | 70.5% |
| 425 WYOMING AVENUE | 2026-04 | $1,450,000 | 2,473 | 57.4% |
| 86 CEDAR STREET | 2025-07 | $1,600,000 | 2,415 | 61.7% |
| 20 BODWELL TERRACE | 2025-07 | $1,225,000 | 2,266 | 67.8% |
| 46 ELMWOOD PLACE | 2026-04 | $1,830,000 | 2,353 | 57.7% |
| 20 INWOOD ROAD | 2025-05 | $1,820,000 | 2,370 | 56.6% |
| 103 CYPRESS STREET | 2025-07 | $1,406,000 | 2,300 | 56.0% |
| 100 OAKVIEW TERRACE | 2025-08 | $1,850,000 | 2,381 | 53.4% |
| 115 HOBART AVENUE | 2025-01 | $1,685,000 | 2,359 | 73.0% |
| 75 WHITNEY ROAD | 2025-07 | $2,200,000 | 2,548 | 56.5% |
| 26 CLAREMONT DRIVE | 2025-07 | $1,900,000 | 2,349 | 53.2% |
| 70 WELLINGTON AVENUE | 2025-07 | $1,550,000 | 2,121 | 68.5% |
Is this your house?
Run your own report →