The Fair Share Report
12 Eighth Ave
Monroe, NJ 08831
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 $335,840 – $577,208, 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 $394,889 home should be assessed near $212,727.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $83,473 above what the ratio math suggests (39.2%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%94%
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 |
|---|---|---|---|---|
| 4 MANOR BOULEVARD | 2026-03 | $700,000 | 1,651 | 42.4% |
| 5 MIDDLESEX BOULEVARD | 2025-03 | $630,000 | 1,651 | 51.6% |
| 404B NEWPORT WAY | 2025-09 | $402,000 | 1,696 | 34.9% |
| 470B NEWPORT WAY | 2025-02 | $350,000 | 1,696 | 33.9% |
| 330C QUINTON DRIVE | 2025-02 | $540,000 | 1,628 | 23.4% |
| 330B QUINTON DRIVE | 2025-03 | $470,000 | 1,612 | 27.1% |
| 249B DOREMUS DRIVE | 2025-09 | $405,000 | 1,598 | 36.2% |
| 8 NORTH RHODA STREET | 2025-05 | $725,000 | 1,698 | 42.9% |
| 482B REVERE WAY | 2025-04 | $350,000 | 1,696 | 35.7% |
| 515B REVERE WAY | 2025-02 | $389,999 | 1,696 | 31.8% |
| 504B BELFORD ROAD | 2025-01 | $295,000 | 1,672 | 40.8% |
| 307B MODELE PLAZA | 2025-10 | $300,000 | 1,731 | 37.2% |
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