New Jersey Carrying Cost Calculator
Mortgage, property taxes, insurance and upkeep, monthly. New Jersey does not reassess on sale, so the estimate uses each municipality’s general tax rate and its newest assessment-to-market ratio; the listing’s current taxes are more accurate when you have them.
| Mortgage (principal + interest) | $9,314 |
| Property taxes (estimate) | $3,288 |
| Insurance | not entered |
| Upkeep and grounds | $1,717 |
| Utilities | not entered |
True economic cost adds what the down payment and closing cash could earn (4.5%) and spreads closing and resale costs over a 7-year hold, less principal paid down. Buyer closing costs ($19,610) come from the New Jersey closing-cost calculator.
$39,452 a year, likely $31,562–$47,342.
Purchase price x Montclair Township 2026 assessment ratio 0.5238 (NJ Table of Equalized Valuations, Oct 1, 2026) x 2026 general tax rate 3.766 per $100 = 1.9726% of price.
- The 2026 rate of 3.766 is reported by local press (Montclair Pod, Aug 20, 2026) and matches the township's budget figures ($24,162 on the $641,700 average assessment, per Montclair Local, Aug 3, 2026); the certified rate itself was not found on an official page.
- Includes the first half of the 2026 school referendum levy; the second half is billed in 2027, so year-two bills are likely to rise again.
- Essex County Board of Taxation lists a Montclair revaluation for 2028; bills can move materially then.
- New Jersey does not reassess on sale; the bill follows the existing assessment, which may sit above or below this price-based estimate. Check the actual assessment on the listing.
Sources and rates (checked 2026-10-12)
- Montclair Township 2026 average assessment ratio (Director's ratio): 0.5238 ratio (assessed / market) (2026) · source
- General tax rate (2026, reported; cross-check: 2026 levy $271,766,386 / 2026 net taxable $7,217,719,800 = 3.765): 3.766 $ per $100 of assessed value (2026) · source
- Scheduled revaluation: 2028 tax year (2028) · source
Weighing a move from an NYC apartment?
Send the town and your price range. We’ll set the monthly cost here against what you carry in the city today, and how the sale and purchase fit together.
The Roebling Team at Compass executes transactions directly in Manhattan. For New Jersey buyers and sellers, we collaborate with Compass agents in New Jersey via referral — clients work with the best on-the-ground representation while keeping the analytical framework consistent across markets. This calculator is an informational research tool, not solicitation of representation.
For trans-market clients (Manhattan + New Jersey portfolios) or to discuss your specific transaction, schedule a consultation. Where appropriate, we’ll introduce you to a vetted Compass agent in the local market.