The Fair Share Report
111 Cormarty 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 $409,165 – $500,809, 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 $454,882 home should be assessed near $270,518.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,718 below what the ratio math suggests (19.9%).
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 |
|---|---|---|---|---|
| 1309 GALLOWAY CT | 2025-12 | $442,500 | 1,900 | 56.6% |
| 2998 JACKSON RD | 2025-05 | $512,000 | 1,848 | 47.3% |
| 408 ABERDEEN RD | 2026-03 | $420,000 | 1,828 | 51.0% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
| 417 INVERNESS RD | 2025-02 | $400,000 | 1,828 | 50.4% |
| 190 DUNDEE DR | 2025-05 | $485,000 | 1,876 | 48.6% |
| 505 KIRKWALL DR | 2025-10 | $420,000 | 1,828 | 52.4% |
| 1418 SEVENTH AVE | 2025-01 | $275,000 | 1,920 | 62.1% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
| 205 QUEEN ANNE DR | 2025-04 | $475,000 | 1,828 | 48.8% |
| 366 N TUCKAHOE RD | 2025-12 | $319,600 | 1,844 | 65.5% |
| 1825 HESSIAN DR | 2025-10 | $469,900 | 1,896 | 51.2% |
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