The Fair Share Report
8 Grenada Pl
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 $633,473 – $1,200,446, 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 $1,137,869 home should be assessed near $640,165.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $240,965 below what the ratio math suggests (37.6%).
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
28%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 9 EMERSON PLACE | 2025-04 | $1,200,000 | 1,913 | 50.5% |
| 17 GARDINER PLACE | 2025-02 | $730,000 | 1,872 | 50.1% |
| 12 BRUCE ROAD | 2025-06 | $1,100,000 | 1,830 | 58.1% |
| 210 GROVE STREET | 2025-08 | $1,300,000 | 1,976 | 42.1% |
| 101 HADDON PLACE | 2025-04 | $1,050,000 | 1,918 | 61.0% |
| 20 COLUMBUS AVENUE | 2026-06 | $1,200,000 | 1,985 | 52.2% |
| 45 GODFREY ROAD | 2026-01 | $1,100,000 | 1,800 | 55.5% |
| 153 ALEXANDER AVENUE | 2025-04 | $1,400,000 | 1,814 | 46.2% |
| 601 UP. MOUNTAIN AVENUE | 2025-02 | $1,110,799 | 1,812 | 51.4% |
| 149 WILLOWDALE AVENUE | 2026-05 | $699,000 | 1,936 | 48.4% |
| 5 CANTERBURY DRIVE | 2026-04 | $1,025,000 | 1,908 | 37.2% |
| 5 FRANKLIN AVENUE | 2026-01 | $610,000 | 1,829 | 57.5% |
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