The Fair Share Report
105 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 $146,993 – $172,961, 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 $151,096 home should be assessed near $89,857.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $14,557 below what the ratio math suggests (16.2%).
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
38%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% |
| 902 VAN GOGH CT | 2025-08 | $245,000 | 1,298 | 57.2% |
| 916 VAN GOGH CT | 2025-04 | $250,000 | 1,298 | 56.1% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| 3781 LAKE AVE | 2025-08 | $112,500 | 688 | 61.4% |
| 800 AMES RD | 2025-03 | $245,000 | 1,268 | 68.4% |
| 1035 S BEECHAM RD | 2025-07 | $315,000 | 1,040 | 48.8% |
| 1164 S BEECHAM RD | 2025-04 | $285,000 | 1,040 | 50.3% |
| 601 VAN GOGH CT | 2025-07 | $250,000 | 1,286 | 57.5% |
| 617 VAN GOGH CT | 2025-01 | $250,000 | 1,303 | 58.4% |
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