The Fair Share Report
11 Grenada Pl
Montclair, NJ 07042
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.
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Step 1 · Market value
Likely range $1,258,440 – $1,554,731, from 12 comparable Montclair 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 Montclair assessments sit below market value — republished every October, applied town-wide. A $1,369,924 home should be assessed near $770,719.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $264,119 below what the ratio math suggests (34.3%).
Step 4 · The tax rate — same for every Montclair home
$2.019 Schools · 57% $0.575 County · 16% $0.922 Town · 26%
Step 5 · The bill
This home vs. every recent Montclair sale · assessed ÷ market
27%70%
Keep quiet and enjoy it
This home's assessment ratio sits below the Montclair 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 |
|---|---|---|---|---|
| 30 WELLESLEY ROAD | 2026-05 | $1,500,000 | 2,200 | 48.0% |
| 180 WILDWOOD AVENUE | 2025-11 | $1,651,000 | 2,232 | 47.3% |
| 9 BELLAIRE DRIVE | 2025-04 | $1,302,750 | 2,188 | 44.6% |
| 449 VALLEY ROAD | 2025-07 | $940,000 | 2,249 | 61.5% |
| 182 WILDWOOD AVENUE | 2025-03 | $1,660,000 | 2,186 | 43.0% |
| 10 LINDEN AVENUE | 2025-02 | $640,000 | 2,200 | 52.3% |
| 401 NO. FULLERTON AVENUE | 2025-10 | $1,450,000 | 2,132 | 48.1% |
| 153 WILLOWDALE AVENUE | 2025-07 | $700,000 | 2,217 | 44.4% |
| 217 PARK STREET | 2025-03 | $1,426,370 | 2,291 | 40.1% |
| 26 CLAIRIDGE COURT | 2026-04 | $1,600,000 | 2,130 | 42.1% |
| 58 CAMBRIDGE ROAD | 2026-01 | $1,410,000 | 2,355 | 48.3% |
| 317 VALLEY ROAD | 2025-06 | $1,300,000 | 2,160 | 43.3% |
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