The Fair Share Report
128 Summit Ave
Montclair, NJ 07043
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 $1,594,035 – $2,233,846, 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 $2,014,623 home should be assessed near $1,133,427.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $101,927 below what the ratio math suggests (9.0%).
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%
Paying about right
This home's ratio lands inside Montclair's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7 SO. MOUNTAIN TERRACE | 2025-06 | $2,373,979 | 3,647 | 46.4% |
| 110 HIGH STREET | 2025-07 | $1,800,000 | 3,597 | 54.2% |
| 46 CAMBRIDGE ROAD | 2025-10 | $1,800,000 | 3,618 | 49.6% |
| 237 NO. MOUNTAIN AVENUE | 2025-05 | $1,725,000 | 3,794 | 59.7% |
| 59 WATCHUNG AVENUE | 2025-04 | $1,140,000 | 3,508 | 61.8% |
| 102 HIGHLAND AVENUE | 2025-06 | $2,250,000 | 3,917 | 55.9% |
| 517 PARK STREET | 2025-06 | $1,200,000 | 3,439 | 47.2% |
| 508 PARK STREET | 2025-07 | $1,920,000 | 3,450 | 52.3% |
| 206 INWOOD AVENUE | 2025-06 | $2,322,000 | 3,377 | 43.9% |
| 15 WAYSIDE PLACE | 2025-11 | $2,340,000 | 4,166 | 55.9% |
| 20 MAPLE AVENUE | 2025-09 | $900,000 | 3,292 | 41.0% |
| 137 SUMMIT AVENUE | 2025-04 | $2,550,000 | 3,291 | 37.8% |
Is this your house?
Run your own report →