The Fair Share Report
8 Heller 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $2,450,129 – $3,764,923, from 12 comparable Montclair sales in the past 18 months, at this home's 6,964 sq ft.
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 $2,924,684 home should be assessed near $1,645,427.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,084,073 above what the ratio math suggests (65.9%).
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%117%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (64.70%) — roughly $38,116/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 190 UP. MOUNTAIN AVENUE | 2025-04 | $2,600,000 | 6,851 | 59.9% |
| 21 STONEBRIDGE ROAD | 2025-01 | $3,400,000 | 6,289 | 58.4% |
| 85 CLINTON AVENUE | 2025-10 | $2,400,000 | 6,008 | 59.9% |
| 550 PARK STREET | 2025-05 | $3,800,000 | 6,477 | 60.8% |
| 35 AFTERGLOW WAY | 2025-01 | $2,000,000 | 7,327 | 61.0% |
| 83 SO. FULLERTON AVENUE | 2025-11 | $1,750,000 | 6,527 | 48.3% |
| 114 HIGHLAND AVENUE | 2025-07 | $2,800,000 | 5,578 | 52.9% |
| 372 UP. MOUNTAIN AVENUE | 2025-12 | $2,699,999 | 6,429 | 61.0% |
| 29 HIGHLAND AVENUE | 2025-06 | $2,175,000 | 6,182 | 56.1% |
| 112 HELLER WAY | 2026-04 | $2,625,000 | 4,719 | 56.5% |
| 270 UP. MOUNTAIN AVENUE | 2026-06 | $4,500,000 | 6,143 | 40.7% |
| 257 UP. MOUNTAIN AVENUE | 2025-05 | $1,850,000 | 6,135 | 53.3% |
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