The Fair Share Report
116 Summit Ave
Montclair, NJ 07043
The town catches up with market prices only once a year — and only on average. This report checks whether this house's assessment kept pace.
This home's full record →Check another house →
This home's payments are about right
It sits inside Montclair's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $1,420,475 – $2,164,498, 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 $1,702,641 home should be assessed near $957,906.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,706 below what the ratio math suggests (5.5%).
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
33%70%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 148 HIGHLAND AVENUE | 2026-06 | $1,700,000 | 3,218 | 50.0% |
| 20 MAPLE AVENUE | 2025-09 | $900,000 | 3,292 | 41.0% |
| 221 CHRISTOPHER STREET | 2026-06 | $2,050,000 | 3,194 | 51.2% |
| 59 ELSTON ROAD | 2026-06 | $1,925,000 | 3,253 | 54.0% |
| 14 UP. MOUNTAIN AVENUE | 2025-11 | $999,000 | 3,087 | 54.5% |
| 18 DURYEA ROAD | 2025-06 | $1,880,000 | 3,164 | 42.0% |
| 137 SUMMIT AVENUE | 2025-04 | $2,550,000 | 3,291 | 37.8% |
| 183 CLAREMONT AVENUE | 2025-11 | $1,435,000 | 3,127 | 34.0% |
| 19 THE FAIRWAY | 2026-06 | $2,500,000 | 3,270 | 38.5% |
| 16 WELLESLEY ROAD | 2025-08 | $1,550,000 | 3,336 | 62.9% |
| 310 PARK STREET | 2025-08 | $1,650,000 | 3,025 | 49.5% |
| 206 INWOOD AVENUE | 2025-06 | $2,322,000 | 3,377 | 43.9% |
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