The Fair Share Report

136 Forest St

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.

Step 1 · Market value

≈ $945,984

Likely range $870,005 – $1,496,458, from 12 comparable Montclair sales in the past 18 months, at this home's 1,930 sq ft.

Step 2 · The Director's Ratio

56.26%

The state's official measure of how far Montclair assessments sit below market value — republished every October, applied town-wide. A $945,984 home should be assessed near $532,211.

Step 3 · Assessed value

$396,300

Set at the last town-wide revaluation and mostly frozen since. That's $135,911 below what the ratio math suggests (25.5%).

Step 4 · The tax rate — same for every Montclair home

$3.516 per $100 assessed

$2.019 Schools · 57% $0.575 County · 16% $0.922 Town · 26%

Step 5 · The bill

$13,934/yr
Public schools$8,001
Essex County$2,279
Town of Montclair$3,654
Montclair average$22,487

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

Town median 49.3%
This home · 41.9%

21%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)

AddressSoldPriceSq ftRatio
28 FOREST STREET2025-06$999,9002,04038.6%
197 INWOOD AVENUE2025-05$1,600,3572,06450.0%
63 GREENWOOD AVENUE2026-01$840,0001,84539.9%
41 FOREST STREET2025-06$899,2001,93840.3%
81 NO. FULLERTON AVENUE2025-12$840,0002,19349.1%
570 UP. MOUNTAIN AVE #12025-06$925,0002,05258.9%
47 NORTHVIEW AVENUE2026-04$1,825,0002,02337.5%
16 NEW STREET2025-08$715,0001,78052.6%
11 VINCENT PLACE2025-03$1,177,0002,11741.6%
71 OAKWOOD AVENUE2025-06$1,800,0002,14437.3%
74 PORTER PLACE2026-06$1,485,0001,67839.9%
74 PORTER PLACE2025-11$1,375,0001,67843.1%

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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 →