The Fair Share Report
1203 Exposition 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 $372,060 – $414,167, 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 $386,580 home should be assessed near $229,899.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $48,899 below what the ratio math suggests (21.3%).
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
38%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 |
|---|---|---|---|---|
| 404 VIRGIN ISLAND DR | 2026-01 | $401,000 | 1,638 | 45.4% |
| 4 CORKERY LN | 2025-05 | $430,000 | 1,521 | 59.1% |
| 2 PANMURE WAY | 2025-09 | $455,900 | 1,685 | 12.1% |
| 345 HUBER AVE | 2025-05 | $380,000 | 1,664 | 49.5% |
| 504 CASTLEBAY DR | 2026-02 | $489,900 | 1,716 | 51.6% |
| 527 RIVIERA DR | 2025-07 | $400,000 | 1,784 | 48.0% |
| 539 RIVIERA DR | 2026-05 | $357,500 | 1,549 | 48.1% |
| 1121 LAFAYETTE ST | 2025-12 | $430,000 | 1,768 | 55.1% |
| 1101 LAFAYETTE ST | 2025-11 | $395,000 | 1,768 | 60.5% |
| 382 ST THOMAS BLVD | 2026-04 | $360,000 | 1,742 | 51.6% |
| 1657 CARRIAGE DR | 2025-10 | $450,000 | 1,893 | 53.2% |
| 79 COMFORT RD | 2026-06 | $350,000 | 1,567 | 61.3% |
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