The Fair Share Report

99 Mohawk Rd

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.

Step 1 · Market value

≈ $2,692,925

Likely range $2,325,017 – $3,096,285, from 12 comparable Millburn sales in the past 18 months, at this home's 4,167 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 $2,692,925 home should be assessed near $1,885,586.

Step 3 · Assessed value

$1,548,900

Set at the last town-wide revaluation and mostly frozen since. That's $336,686 below what the ratio math suggests (17.9%).

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

$31,272/yr
Public schools$16,008
Essex County$7,020
Town of Millburn$8,244
Millburn average$26,292

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

Town median 60.8%
This home · 57.5%

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)

AddressSoldPriceSq ftRatio
9 WESTVIEW ROAD2026-04$3,100,0004,17259.1%
10 OSWEGO LANE2025-09$2,145,0003,98934.8%
58 FAR BROOK DRIVE2025-05$2,400,0004,07664.9%
94 TENNYSON DRIVE2025-04$2,616,0004,06053.4%
52 ATHENS ROAD2025-02$2,410,0004,22656.3%
8 PARK PLACE2026-05$3,260,0003,98352.9%
5 BARRY LANE2025-08$2,680,0004,14749.1%
23 BRIARWOOD DRIVE2025-07$2,820,0003,88158.6%
61 JOANNA WAY2025-08$2,280,0004,12376.2%
36 CAYUGA WAY2025-10$2,413,0003,66062.5%
12 CAYUGA WAY2026-05$2,800,0083,64752.4%
26 MERRYWOOD LANE2025-07$3,150,0003,69955.9%

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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 →