The Fair Share Report
1104 E Malaga Rd
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 $312,149 – $392,533, 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 $346,690 home should be assessed near $206,177.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,923 above what the ratio math suggests (14.5%).
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
39%81%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
| 1500 BRIARWOOD DR | 2025-02 | $420,000 | 1,776 | 55.0% |
| 2233 SUNNYHILL AVE | 2026-04 | $460,000 | 1,626 | 52.6% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 1309 GALLOWAY CT | 2025-12 | $442,500 | 1,900 | 56.6% |
| 345 HUBER AVE | 2025-05 | $380,000 | 1,664 | 49.5% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
Is this your house?
Run your own report →