The Fair Share Report
1 Eagle Ct
Monroe, NJ 08831
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 $384,949 – $536,306, from 12 comparable Monroe sales in the past 18 months, at this home's 1,789 sq ft.
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 $419,929 home should be assessed near $226,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $155,984 above what the ratio math suggests (69.0%).
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%105%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $4,274/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 24 CYPRESS POINT LANE | 2025-02 | $658,000 | 1,789 | 53.8% |
| 15 CYPRESS POINT LANE | 2025-01 | $605,000 | 1,789 | 56.1% |
| 643A NUTLEY DRIVE | 2025-07 | $370,000 | 1,808 | 44.5% |
| 5 FAIRWAY BLVD | 2026-01 | $655,000 | 1,810 | 53.0% |
| 163 GOLDFINCH DR. | 2025-12 | $415,000 | 1,768 | 38.9% |
| 55A WINTHROP RD | 2026-02 | $410,000 | 1,842 | 36.7% |
| 134 BLACKBIRD DR. | 2026-01 | $360,000 | 1,766 | 38.5% |
| 273 NIGHTHAWK DR. | 2025-06 | $400,000 | 1,766 | 35.4% |
| 238 NIGHTHAWK DRIVE | 2025-04 | $380,000 | 1,766 | 37.3% |
| 46 WINTONS WAY | 2026-04 | $545,000 | 1,818 | 43.8% |
| 249 NIGHTHAWK DR. | 2025-12 | $370,000 | 1,768 | 46.1% |
| 114 WATERSIDE BLVD. | 2025-02 | $460,000 | 1,768 | 39.9% |
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