The Fair Share Report
116 Castleton Rd
Montgomery, NJ 08540
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 $673,470 – $746,448, from 12 comparable Montgomery 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 Montgomery assessments sit below market value — republished every October, applied town-wide. A $728,241 home should be assessed near $409,563.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $95,963 below what the ratio math suggests (23.4%).
Step 4 · The tax rate — same for every Montgomery home
$2.335 Schools · 68% $0.583 County · 17% $0.519 Town · 15%
Step 5 · The bill
This home vs. every recent Montgomery sale · assessed ÷ market
37%70%
Keep quiet and enjoy it
This home's assessment ratio sits below the Montgomery 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 |
|---|---|---|---|---|
| 1702 BERGEN COURT | 2025-07 | $695,000 | 1,998 | 44.5% |
| 111 CASTLETON ROAD | 2026-06 | $715,000 | 1,964 | 48.4% |
| 1904 BERGEN COURT | 2025-10 | $735,000 | 1,998 | 43.3% |
| 87 CASTLETON ROAD | 2026-03 | $680,000 | 2,018 | 50.3% |
| 13 CASTLETON ROAD | 2025-08 | $725,000 | 2,013 | 48.5% |
| 18 SCARLET OAK DRIVE | 2026-04 | $695,000 | 2,056 | 49.6% |
| 100 JACKSON AVENUE | 2025-12 | $687,000 | 1,899 | 50.2% |
| 14 COOLIDGE WAY | 2025-07 | $700,000 | 1,899 | 51.0% |
| 81 TRUMAN AVENUE | 2026-05 | $795,000 | 1,899 | 45.4% |
| 21 KENNEDY COURT | 2025-05 | $775,000 | 1,899 | 47.5% |
| 223 RIP VAN DAM COURT | 2025-11 | $617,000 | 2,214 | 50.5% |
| 122 RIP VAN DAM COURT | 2025-02 | $565,000 | 2,214 | 54.5% |
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