The Fair Share Report
11 Gilbert 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 $377,404 – $423,780, from 12 comparable Monroe sales in the past 18 months, at this home's 2,018 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 $390,329 home should be assessed near $232,129.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $54,629 below what the ratio math suggests (23.5%).
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
36%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
| 1666 HOLLY PKWY | 2026-06 | $455,000 | 2,068 | 43.4% |
| 1740 FOREST DR | 2026-05 | $409,000 | 2,037 | 46.4% |
| 1605 PIN OAK RD | 2026-01 | $399,000 | 1,900 | 43.5% |
| 934 HAMPTON WAY | 2025-09 | $390,000 | 2,040 | 47.4% |
| 280 IRELAND TER | 2025-12 | $345,000 | 2,068 | 53.4% |
| 101 PALMER CT | 2025-08 | $395,000 | 1,877 | 48.6% |
| 1713 RED OAK RD | 2025-07 | $410,000 | 1,877 | 51.1% |
| 325 GORDON AVE | 2025-09 | $408,000 | 2,164 | 56.7% |
| 30 TOOL LN | 2026-02 | $345,000 | 1,844 | 51.6% |
| 185 WARD LN | 2026-05 | $400,000 | 2,068 | 46.8% |
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