The Fair Share Report
111 Applegate Ave
Monroe, NJ 08831
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 $721,272 – $992,732, from 12 comparable Monroe sales in the past 18 months, at this home's 3,096 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 $756,093 home should be assessed near $407,307.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,093 above what the ratio math suggests (2.7%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%67%
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 |
|---|---|---|---|---|
| 16 EIGHTH AVENUE | 2025-08 | $890,000 | 2,784 | 42.1% |
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 23 LITTLE BROOK LA | 2025-06 | $715,000 | 3,056 | 57.0% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 35 NARROWS WAY | 2025-02 | $1,125,000 | 3,248 | 48.8% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
| 35 SHERWOOD DRIVE | 2025-09 | $685,018 | 3,096 | 44.9% |
| 18 SEMINOLE COURT | 2026-03 | $927,000 | 3,118 | 57.5% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 15 ROSEWOOD LANE | 2026-05 | $750,000 | 2,339 | 48.4% |
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