The Fair Share Report
1121 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 $307,841 – $365,381, 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 $333,594 home should be assessed near $198,388.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $38,388 below what the ratio math suggests (19.4%).
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 |
|---|---|---|---|---|
| 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% |
| 701 TRINIDAD BLVD | 2025-09 | $300,000 | 1,576 | 49.8% |
| 1780 FOREST DR | 2026-05 | $365,000 | 1,649 | 47.7% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 1836 FOREST DR | 2025-06 | $375,000 | 1,558 | 48.4% |
| 221 MARTINIQUE DR | 2026-06 | $313,900 | 1,576 | 48.3% |
| 321 TRINIDAD BLVD | 2025-06 | $320,000 | 1,576 | 47.8% |
| 205 QUEEN ANNE DR | 2025-04 | $475,000 | 1,828 | 48.8% |
| 545 BERKSHIRE RD | 2026-03 | $350,000 | 1,578 | 46.7% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
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