The Fair Share Report
141 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 $1,973,134 – $2,745,015, from 12 comparable Montclair sales in the past 18 months, at this home's 4,217 sq ft.
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 $2,305,772 home should be assessed near $1,297,227.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $97,427 below what the ratio math suggests (7.5%).
Step 4 · The tax rate — same for every Montclair home
$2.019 Schools · 57% $0.575 County · 16% $0.922 Town · 26%
This home's own bill implies $3.466 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 15 WAYSIDE PLACE | 2025-11 | $2,340,000 | 4,166 | 55.9% |
| 310 HIGHLAND AVENUE | 2025-04 | $3,600,000 | 4,359 | 36.8% |
| 466 PARK STREET | 2026-04 | $2,250,000 | 4,115 | 50.0% |
| 129 CLAREWILL AVENUE | 2025-11 | $2,150,000 | 4,595 | 54.9% |
| 91 LLOYD ROAD | 2025-06 | $2,200,000 | 4,323 | 48.7% |
| 102 HIGHLAND AVENUE | 2025-06 | $2,250,000 | 3,917 | 55.9% |
| 7 SO. MOUNTAIN TERRACE | 2025-06 | $2,373,979 | 3,647 | 46.4% |
| 340 UP. MOUNTAIN AVENUE | 2025-03 | $2,050,000 | 4,803 | 62.8% |
| 237 NO. MOUNTAIN AVENUE | 2025-05 | $1,725,000 | 3,794 | 59.7% |
| 390 HIGHLAND AVENUE | 2025-05 | $2,149,000 | 4,074 | 49.7% |
| 70 LLEWELLYN ROAD | 2025-12 | $1,999,999 | 3,996 | 61.8% |
| 178 NO. MOUNTAIN AVENUE | 2025-08 | $3,350,000 | 4,614 | 48.9% |
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