The Fair Share Report
1155 E Malaga Rd
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 $477,912 – $634,373, 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 $591,245 home should be assessed near $351,613.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,487 above what the ratio math suggests (7.8%).
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
39%85%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
| 1401 SUNDROP CT | 2025-10 | $590,000 | 2,844 | 53.3% |
| 1400 ENDINGO AVE | 2025-08 | $635,000 | 2,882 | 52.5% |
| 1128 TAMARIND PL | 2025-07 | $620,000 | 2,945 | 47.2% |
| 211 RIPLEY CT | 2026-02 | $635,000 | 3,026 | 44.8% |
| 1500 CAREX CT | 2025-03 | $650,000 | 2,672 | 46.4% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1121 TAMARIND PL | 2025-05 | $515,000 | 3,240 | 60.5% |
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 1312 MULBERRY LN | 2025-09 | $575,000 | 3,290 | 55.4% |
| 1427 CRANLEIGH LN | 2025-05 | $675,000 | 3,296 | 47.3% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
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