The Fair Share Report

95 Summit Ave

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.

Step 1 · Market value

≈ $1,698,560

Likely range $1,320,195 – $2,188,213, from 12 comparable Montclair sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

56.26%

The state's official measure of how far Montclair assessments sit below market value — republished every October, applied town-wide. A $1,698,560 home should be assessed near $955,610.

Step 3 · Assessed value

$833,500

Set at the last town-wide revaluation and mostly frozen since. That's $122,110 below what the ratio math suggests (12.8%).

Step 4 · The tax rate — same for every Montclair home

$3.516 per $100 assessed

$2.019 Schools · 57% $0.575 County · 16% $0.922 Town · 26%

Step 5 · The bill

$29,306/yr
Public schools$16,828
Essex County$4,793
Town of Montclair$7,685
Montclair average$22,487

This home vs. every recent Montclair sale · assessed ÷ market

Town median 49.3%
This home · 49.1%

33%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)

AddressSoldPriceSq ftRatio
183 CLAREMONT AVENUE2025-11$1,435,0003,12734.0%
55 GRANDVIEW PLACE2025-03$1,625,0002,91645.1%
21 COLLEGE AVENUE2025-06$1,510,0003,00246.3%
18 DURYEA ROAD2025-06$1,880,0003,16442.0%
310 PARK STREET2025-08$1,650,0003,02549.5%
9 COLUMBUS AVENUE2025-06$1,700,0002,87144.0%
221 CHRISTOPHER STREET2026-06$2,050,0003,19451.2%
11 CENTRAL AVENUE2026-06$1,200,0002,78743.2%
124 CHRISTOPHER STREET2025-06$2,500,0002,88042.2%
14 UP. MOUNTAIN AVENUE2025-11$999,0003,08754.5%
137 SUMMIT AVENUE2025-04$2,550,0003,29137.8%
107 SUMMIT AVENUE2025-08$1,925,0002,81261.1%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →