The Fair Share Report

17 Berkeley Pl

Montclair, NJ 07042

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 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

≈ $1,061,182

Likely range $966,727 – $1,663,747, from 12 comparable Montclair sales in the past 18 months (home size estimated from assessor data — range widened).

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 $1,061,182 home should be assessed near $597,021.

Step 3 · Assessed value

$721,400

Set at the last town-wide revaluation and mostly frozen since. That's $124,379 above what the ratio math suggests (20.8%).

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

$25,364/yr
Public schools$14,565
Essex County$4,148
Town of Montclair$6,651
Montclair average$22,487

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

Town median 49.3%
This home · 68.0%

33%80%

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
41 GATES AVENUE2025-05$999,0002,35842.4%
99 MONTCLAIR AVENUE2026-01$1,800,0002,36842.1%
94 WILLOWDALE AVENUE2025-02$999,0002,37048.0%
72 NO. WILLOW STREET2025-05$919,0002,17037.1%
71 OAKWOOD AVENUE2025-06$1,800,0002,14437.3%
49 GREENWOOD AVENUE2025-01$1,099,0002,41243.2%
11 VINCENT PLACE2025-03$1,177,0002,11741.6%
28 WATERBURY ROAD2025-10$1,660,0002,38342.7%
77 EDGEMONT ROAD2025-07$1,350,0002,21147.9%
4 CLAREMONT PLACE2025-11$999,0002,21240.7%
149 WALNUT STREET2025-11$1,610,0002,43746.0%
281 ORANGE ROAD2025-05$925,0002,47943.7%

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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 →