The Fair Share Report

33 Riverview Dr

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

≈ $1,419,885

Likely range $1,158,851 – $1,727,883, 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 $1,419,885 home should be assessed near $798,827.

Step 3 · Assessed value

$717,400

Set at the last town-wide revaluation and mostly frozen since. That's $81,427 below what the ratio math suggests (10.2%).

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

$25,224/yr
Public schools$14,484
Essex County$4,125
Town of Montclair$6,614
Montclair average$22,487

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

Town median 49.3%
This home · 50.5%

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)

AddressSoldPriceSq ftRatio
4 SO. BROOKWOOD DRIVE2025-03$1,550,5072,77851.8%
33 STEPHEN STREET2025-09$1,400,0052,80248.4%
61 GRANDVIEW PLACE2025-05$1,621,0002,71842.8%
362 HIGHLAND AVENUE2025-08$1,455,0002,85955.3%
11 CENTRAL AVENUE2026-06$1,200,0002,78743.2%
107 SUMMIT AVENUE2025-08$1,925,0002,81261.1%
17 WILFRED STREET2026-04$860,0002,66045.0%
30 EDGECLIFF ROAD2025-06$905,0002,52361.7%
21 COLLEGE AVENUE2025-06$1,510,0003,00246.3%
36 WARFIELD STREET2025-11$1,610,0003,00746.4%
543 HIGHLAND AVENUE2025-06$1,555,0002,47844.7%
234 PARK STREET2025-04$1,200,0002,76057.5%

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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 →