The Fair Share Report
136 Pedrick Ave
Monroe, NJ 08055
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 $285,871 – $318,594, 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 $300,438 home should be assessed near $178,670.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,970 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
39%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 |
|---|---|---|---|---|
| 617 TRINIDAD BLVD | 2025-09 | $320,000 | 1,318 | 46.6% |
| 654 GLASSBORO RD | 2025-08 | $325,000 | 1,320 | 46.5% |
| 357 BROOKDALE BLVD | 2026-01 | $295,000 | 1,314 | 40.2% |
| 1028 BAYWOOD DR | 2025-06 | $278,000 | 1,314 | 46.0% |
| 1070 BAYWOOD DR | 2025-03 | $295,000 | 1,314 | 38.9% |
| 1103 MEADOWS DR | 2026-04 | $305,000 | 1,238 | 45.3% |
| 128 KERRY LYNN CT | 2025-12 | $315,000 | 1,238 | 43.6% |
| 1103 MEADOWS DR | 2025-08 | $275,000 | 1,238 | 50.3% |
| 56 KERRY LYNN CT | 2025-02 | $289,900 | 1,238 | 43.0% |
| 209 SAN JUAN CT | 2026-04 | $330,000 | 1,342 | 47.3% |
| 501 TRINIDAD BLVD | 2026-04 | $305,000 | 1,342 | 48.4% |
| 729 TRINIDAD BLVD | 2025-09 | $345,000 | 1,318 | 45.9% |
Is this your house?
Run your own report →