The Fair Share Report
79 E St
Montgomery, NJ 08502
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 $527,470 – $761,008, from 12 comparable Montgomery 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 Montgomery assessments sit below market value — republished every October, applied town-wide. A $689,035 home should be assessed near $387,513.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $147,887 above what the ratio math suggests (38.2%).
Step 4 · The tax rate — same for every Montgomery home
$2.335 Schools · 68% $0.583 County · 17% $0.519 Town · 15%
Step 5 · The bill
This home vs. every recent Montgomery sale · assessed ÷ market
38%107%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (64.68%) — roughly $5,083/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 262 DUTCHTOWN-ZION ROAD | 2025-10 | $692,000 | 2,080 | 77.0% |
| 369 GRANDVIEW ROAD | 2025-08 | $695,000 | 2,352 | 64.8% |
| 223 RIP VAN DAM COURT | 2025-11 | $617,000 | 2,214 | 50.5% |
| 122 RIP VAN DAM COURT | 2025-02 | $565,000 | 2,214 | 54.5% |
| 125 TOMAHAWK COURT | 2025-12 | $525,000 | 2,214 | 58.1% |
| 1702 BERGEN COURT | 2025-07 | $695,000 | 1,998 | 44.5% |
| 1904 BERGEN COURT | 2025-10 | $735,000 | 1,998 | 43.3% |
| 420 SUNSET ROAD | 2025-08 | $425,000 | 2,046 | 112.7% |
| 325 SPRING HILL ROAD | 2025-06 | $1,300,000 | 2,790 | 38.1% |
| 200 SPRING HILL ROAD | 2025-04 | $589,000 | 2,527 | 78.8% |
| 17 CHERRY BROOK DRIVE | 2025-11 | $845,000 | 2,364 | 55.9% |
| 12 BROOKSIDE DRIVE | 2025-08 | $732,000 | 2,184 | 53.0% |
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