The Fair Share Report
5 Springbrook Rd E
Montville, NJ 07045
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 $492,735 – $584,942, from 12 comparable Montville 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 Montville assessments sit below market value — republished every October, applied town-wide. A $522,828 home should be assessed near $358,294.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $111,594 below what the ratio math suggests (31.1%).
Step 4 · The tax rate — same for every Montville home
$1.798 Schools · 67% $0.332 County · 12% $0.543 Town · 20%
Step 5 · The bill
This home vs. every recent Montville sale · assessed ÷ market
37%84%
Keep quiet and enjoy it
This home's assessment ratio sits below the Montville pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10 SPRINGBROOK RD EAST | 2026-03 | $507,000 | 1,504 | 56.8% |
| 22 SPRINGBROOK RD EAST | 2025-12 | $400,000 | 1,504 | 69.9% |
| 71 WASHINGTON CT | 2026-03 | $619,000 | 1,589 | 51.5% |
| 71 WASHINGTON CT | 2025-09 | $423,500 | 1,589 | 75.3% |
| 68 WASHINGTON CT | 2025-03 | $640,000 | 1,589 | 50.4% |
| 41 GENOBLE RD | 2025-08 | $525,000 | 1,325 | 51.5% |
| 6 DAVENPORT RD | 2026-03 | $570,000 | 1,674 | 54.9% |
| 27 SPRINGBROOK RD EAST | 2025-09 | $550,000 | 1,694 | 54.3% |
| 3 SPRINGBROOK RD WEST | 2025-11 | $580,000 | 1,706 | 55.1% |
| 12 SPRINGBROOK RD WEST | 2025-03 | $632,500 | 1,706 | 50.6% |
| 84 GENOBLE RD | 2026-05 | $460,000 | 1,200 | 56.3% |
| 34 GENOBLE RD | 2026-01 | $440,000 | 1,190 | 59.8% |
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