The Fair Share Report
47 Gray 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $1,133,689 – $1,755,543, from 12 comparable Montclair sales in the past 18 months (home size estimated from assessor data — range widened).
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 $1,496,791 home should be assessed near $842,095.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,495 below what the ratio math suggests (10.0%).
Step 4 · The tax rate — same for every Montclair home
$2.019 Schools · 57% $0.575 County · 16% $0.922 Town · 26%
Step 5 · The bill
This home vs. every recent Montclair sale · assessed ÷ market
33%72%
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 |
|---|---|---|---|---|
| 8 MADISON AVENUE | 2026-04 | $1,700,000 | 2,796 | 47.6% |
| 81 MISSION STREET | 2026-02 | $1,350,000 | 2,604 | 45.7% |
| 66 SO.FULLERTON AVE C0017 | 2025-07 | $999,999 | 2,726 | 58.4% |
| 71 MISSION STREET | 2026-04 | $1,400,000 | 2,618 | 43.9% |
| 114 HARRISON AVENUE | 2026-03 | $1,480,000 | 3,096 | 55.5% |
| 104 HARRISON AVENUE | 2026-01 | $1,050,000 | 3,096 | 73.3% |
| 119 STONEBRIDGE ROAD | 2026-04 | $1,861,000 | 3,450 | 54.8% |
| 9 MT. VERNON ROAD | 2026-05 | $2,701,000 | 3,644 | 43.5% |
| 33 STEPHEN STREET | 2025-09 | $1,400,005 | 2,802 | 48.4% |
| 262 CLAREMONT AVENUE | 2026-05 | $1,560,000 | 2,792 | 40.2% |
| 11 CENTRAL AVENUE | 2026-06 | $1,200,000 | 2,787 | 43.2% |
| 107 SUMMIT AVENUE | 2025-08 | $1,925,000 | 2,812 | 61.1% |
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