The Fair Share Report
85 Castleton Rd
Montgomery, NJ 08540
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 $667,473 – $719,093, 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 $704,078 home should be assessed near $395,973.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,573 below what the ratio math suggests (13.5%).
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%70%
Paying about right
This home's ratio lands inside Montgomery'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 |
|---|---|---|---|---|
| 82 CASTLETON ROAD | 2026-03 | $644,000 | 2,045 | 53.1% |
| 13 CASTLETON ROAD | 2025-08 | $725,000 | 2,013 | 48.5% |
| 1702 BERGEN COURT | 2025-07 | $695,000 | 1,998 | 44.5% |
| 50 TRUMAN AVENUE | 2025-07 | $699,350 | 1,922 | 51.3% |
| 44 KENNEDY COURT | 2025-03 | $770,000 | 1,922 | 45.3% |
| 32 KENNEDY COURT | 2025-11 | $722,500 | 1,922 | 48.5% |
| 1904 BERGEN COURT | 2025-10 | $735,000 | 1,998 | 43.3% |
| 87 CASTLETON ROAD | 2026-03 | $680,000 | 2,018 | 50.3% |
| 704 MARTEN ROAD | 2026-05 | $625,000 | 1,686 | 51.8% |
| 36 TRUMAN AVENUE | 2026-05 | $679,000 | 2,070 | 52.9% |
| 111 CASTLETON ROAD | 2026-06 | $715,000 | 1,964 | 48.4% |
| 54 MANOR DRIVE | 2025-11 | $595,000 | 1,686 | 53.9% |
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