The Fair Share Report
1 Devon Ct
Monroe, NJ 08831
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Monroe, but below NJ's legal appeal line (61.95%), where a case becomes winnable.
Step 1 · Market value
Likely range $545,370 – $886,035, from 12 comparable Monroe 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 Monroe assessments sit below market value — republished every October, applied town-wide. A $720,501 home should be assessed near $388,134.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,366 above what the ratio math suggests (23.3%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%93%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 GUINEVERE ROAD | 2025-01 | $880,000 | 2,437 | 58.1% |
| 2 GUINEVERE ROAD | 2026-03 | $1,075,000 | 2,480 | 46.0% |
| 38 BRIGHTON COURT | 2025-06 | $550,000 | 2,499 | 54.1% |
| 12 WINTONS WAY | 2025-12 | $612,000 | 2,619 | 45.2% |
| 1 PHILLIP CT. | 2026-01 | $555,000 | 2,611 | 53.1% |
| 157 VALENCIA DRIVE | 2025-09 | $623,000 | 2,421 | 44.3% |
| 13 HOGAN WAY | 2025-06 | $732,000 | 2,340 | 53.7% |
| 136 BIRMINGHAM LANE | 2026-01 | $555,000 | 2,576 | 42.5% |
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
| 1 ROYAL OAKS COURT | 2025-03 | $875,000 | 2,304 | 56.9% |
| 10 TIDEWATER PLACE | 2025-05 | $830,000 | 2,340 | 52.7% |
| 25 LEEDS LANE | 2026-06 | $650,000 | 2,254 | 47.8% |
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