The Fair Share Report
1220 Iris 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 $339,511 – $578,046, 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 $413,889 home should be assessed near $246,140.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,260 above what the ratio math suggests (7.4%).
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%83%
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 |
|---|---|---|---|---|
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
| 1501 EXPOSITION DR | 2025-05 | $329,900 | 2,492 | 62.0% |
| 208 BRANDYWINE DR | 2026-05 | $315,000 | 2,142 | 50.9% |
| 404 BRANDYWINE DR | 2025-08 | $315,000 | 2,142 | 48.7% |
| 2307 SUNNYHILL AVE | 2025-10 | $468,000 | 2,408 | 61.7% |
| 2406 EXPOSITION DR | 2025-12 | $357,500 | 2,138 | 61.4% |
| 1702 BIDEN LN | 2025-03 | $510,000 | 2,290 | 48.3% |
| 712 BRANDYWINE DR | 2025-09 | $310,000 | 2,054 | 48.3% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
Is this your house?
Run your own report →