The Fair Share Report
128 Thomas 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 $303,776 – $352,528, from 12 comparable Monroe sales in the past 18 months, at this home's 1,358 sq ft.
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 $334,862 home should be assessed near $199,142.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,158 above what the ratio math suggests (0.6%).
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%74%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 108 RADIX RD | 2026-05 | $345,000 | 1,329 | 56.8% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 284 RADIX RD | 2026-04 | $300,000 | 1,304 | 58.5% |
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 399 FRYERS LN | 2025-06 | $393,000 | 1,478 | 46.9% |
| 852 GLASSBORO RD | 2025-09 | $85,000 | 1,476 | 92.5% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 1871 MURRAY DR | 2026-04 | $320,000 | 1,512 | 40.5% |
| 1125 ARBUTUS AVE | 2026-06 | $361,000 | 1,464 | 43.8% |
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