The Fair Share Report
101 Raphael Ct
Monroe, NJ 08094
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 $245,000 – $285,874, from 12 comparable Monroe sales in the past 18 months, at this home's 1,152 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 $250,000 home should be assessed near $148,675.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,475 below what the ratio math suggests (11.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%74%
Paying about right
This home's ratio lands inside Monroe'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 |
|---|---|---|---|---|
| 103 RAPHAEL CT | 2025-10 | $245,000 | 1,152 | 51.7% |
| 409 DEGAS CT | 2025-04 | $245,000 | 1,152 | 53.5% |
| 713 VAN GOGH CT | 2025-10 | $250,000 | 1,152 | 52.9% |
| 1049 CLAYTON RD | 2025-05 | $385,000 | 1,176 | 46.5% |
| 2932 S SHORE DR | 2025-07 | $365,000 | 1,152 | 46.3% |
| 902 VAN GOGH CT | 2025-08 | $245,000 | 1,298 | 57.2% |
| 916 VAN GOGH CT | 2025-04 | $250,000 | 1,298 | 56.1% |
| 631 BARBADOS DR | 2026-04 | $322,000 | 1,219 | 44.1% |
| 659 BARBADOS DR | 2026-04 | $280,000 | 1,219 | 52.4% |
| 729 BARBADOS DR | 2026-02 | $295,000 | 1,219 | 48.1% |
| 701 BARBADOS DR | 2025-10 | $302,500 | 1,219 | 46.5% |
| 580 DORAL DR | 2025-08 | $290,000 | 1,300 | 52.5% |
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