The Fair Share Report
1109 Meadows Dr
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 $315,929 – $351,874, 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 $331,947 home should be assessed near $197,409.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,909 below what the ratio math suggests (23.3%).
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 |
|---|---|---|---|---|
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 130 KERRY LYNN CT | 2025-08 | $340,000 | 1,527 | 50.4% |
| 1029 BAYWOOD DR | 2025-12 | $315,000 | 1,578 | 38.6% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 1152 DUBLIN CT | 2026-06 | $315,000 | 1,487 | 50.6% |
| 68 KERRY LYNN CT | 2026-04 | $310,000 | 1,412 | 41.8% |
| 153 KERRY LYNN CT | 2025-04 | $317,000 | 1,412 | 45.6% |
| 1176 MEADOWS DR | 2025-06 | $325,000 | 1,512 | 49.2% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
| 138 KERRY LYNN CT | 2025-09 | $325,000 | 1,382 | 46.0% |
Is this your house?
Run your own report →