The Fair Share Report
1124 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 $289,337 – $318,227, 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 $310,000 home should be assessed near $184,357.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,057 below what the ratio math suggests (28.2%).
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
36%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 910 THOREAU LN | 2026-04 | $285,000 | 1,403 | 44.3% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
| 444 LONGFELLOW DR | 2025-10 | $275,000 | 1,424 | 47.8% |
| 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% |
| 617 ST VINCENT CT | 2026-01 | $375,000 | 1,434 | 44.7% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 138 KERRY LYNN CT | 2025-09 | $325,000 | 1,382 | 46.0% |
| 116 KERRY LYNN CT | 2025-07 | $310,000 | 1,382 | 45.8% |
| 1070 BAYWOOD DR | 2025-03 | $295,000 | 1,314 | 38.9% |
Is this your house?
Run your own report →