The Fair Share Report

3 Duryea Rd

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.

Step 1 · Market value

≈ $1,452,464

Likely range $857,614 – $1,638,653, 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 $1,452,464 home should be assessed near $817,156.

Step 3 · Assessed value

$712,100

Set at the last town-wide revaluation and mostly frozen since. That's $105,056 below what the ratio math suggests (12.9%).

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

$25,037/yr
Public schools$14,377
Essex County$4,095
Town of Montclair$6,566
Montclair average$22,487

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

Town median 49.3%
This home · 49.0%

33%88%

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
58 CAMBRIDGE ROAD2026-01$1,410,0002,35548.3%
25 HOWE AVENUE2025-01$650,0002,39956.9%
25 WARREN PLACE2025-12$877,0002,46858.4%
5 BELLAIRE DRIVE2025-11$999,0002,40156.9%
227 GROVE STREET2026-05$1,392,2252,41646.9%
6 HIGHMONT TERRACE2025-01$1,450,0002,35452.7%
110 GORDONHURST AVENUE2025-11$1,720,0002,53543.1%
32 IRVING STREET2026-06$810,0002,51547.5%
524 UP. MOUNTAIN AVENUE2026-05$1,375,0002,40046.5%
17 MENDL TERRACE2026-05$1,581,0002,33042.5%
25 FRANKLIN PLACE2025-05$1,550,0002,45741.3%
217 PARK STREET2025-03$1,426,3702,29140.1%

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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 →