The Fair Share Report
12 Tracker St
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.
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Step 1 · Market value
Likely range $913,577 – $1,337,537, 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 $1,223,489 home should be assessed near $659,094.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,694 below what the ratio math suggests (6.3%).
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%73%
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 |
|---|---|---|---|---|
| 12 CHARLES PLACE | 2025-08 | $1,280,000 | 3,708 | 45.4% |
| 5 CONTINENTAL COURT | 2025-10 | $1,333,000 | 3,640 | 48.5% |
| 21 SKEBA DRIVE | 2025-06 | $1,465,000 | 3,628 | 44.7% |
| 23 TROON COURT | 2026-03 | $1,160,000 | 3,508 | 45.7% |
| 27 CROOKED STICK PLACE | 2025-08 | $920,000 | 3,768 | 57.4% |
| 2 HITCHING POST PLACE | 2026-03 | $1,360,000 | 3,633 | 49.6% |
| 46 MANDRAKE ROAD | 2026-03 | $835,000 | 3,195 | 53.7% |
| 85 DIAMOND SPRING DRIVE | 2025-09 | $815,000 | 3,271 | 50.6% |
| 146 DIAMOND SPRING DRIVE | 2025-07 | $830,000 | 3,195 | 53.3% |
| 146 DIAMOND SPRING DRIVE | 2025-05 | $825,000 | 3,195 | 53.6% |
| 47 BAY HILL BLVD. | 2026-05 | $910,000 | 3,418 | 53.3% |
| 3 MILLWOOD COURT | 2025-10 | $1,132,000 | 3,398 | 53.4% |
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