The Fair Share Report
121 Maple Ave
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 $264,949 – $367,038, 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 $308,125 home should be assessed near $183,242.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,442 below what the ratio math suggests (28.1%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.579 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
30%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 |
|---|---|---|---|---|
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 432 MADISON AVE | 2026-05 | $290,000 | 1,464 | 54.5% |
| 109 POPLAR ST | 2026-02 | $330,000 | 1,496 | 51.8% |
| 109 POPLAR ST | 2025-01 | $245,000 | 1,496 | 69.7% |
| 338 CLINTON AVE | 2025-02 | $343,000 | 1,464 | 49.6% |
| 329 BLUE BELL RD | 2025-03 | $250,000 | 1,338 | 62.2% |
| 636 CARIBBEAN WAY | 2026-06 | $307,000 | 1,365 | 51.2% |
| 209 SAN JUAN CT | 2026-04 | $330,000 | 1,342 | 47.3% |
| 318 HOLIDAY CITY BLVD | 2025-06 | $295,000 | 1,408 | 47.9% |
| 221 OAK ST | 2025-03 | $160,000 | 1,440 | 73.9% |
| 507 DORAL DR | 2026-04 | $375,000 | 1,434 | 48.0% |
| 729 TRINIDAD BLVD | 2025-09 | $345,000 | 1,318 | 45.9% |
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