The Fair Share Report
116 Hemlock 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 $342,780 – $424,263, 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 $360,199 home should be assessed near $214,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,010 below what the ratio math suggests (7.5%).
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%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 |
|---|---|---|---|---|
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
| 42 AVERY DR | 2025-10 | $360,000 | 1,830 | 51.6% |
| 413 HOLLY PKWY | 2025-05 | $360,000 | 1,872 | 51.7% |
| 413 HOLLY PKWY | 2025-04 | $253,000 | 1,872 | 73.6% |
| 47 AVERY DR | 2025-07 | $360,000 | 1,796 | 49.5% |
| 721 DEBRA DR | 2025-01 | $368,500 | 1,881 | 48.7% |
| 921 N BEECHAM RD | 2025-09 | $240,000 | 1,796 | 76.3% |
| 613 GREENBRIAR DR | 2025-07 | $365,000 | 1,820 | 48.2% |
| 205 QUEEN ANNE DR | 2025-04 | $475,000 | 1,828 | 48.8% |
| 120 HEMLOCK DR | 2025-11 | $375,000 | 1,962 | 51.8% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
Is this your house?
Run your own report →