The Fair Share Report
1402 Third 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 $258,622 – $303,553, 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 $291,086 home should be assessed near $173,109.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,509 below what the ratio math suggests (35.0%).
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
32%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 1446 TWELFTH AVE | 2026-03 | $250,000 | 936 | 44.0% |
| 1035 S BEECHAM RD | 2025-07 | $315,000 | 1,040 | 48.8% |
| 1164 S BEECHAM RD | 2025-04 | $285,000 | 1,040 | 50.3% |
| 1438 VICTORY AVE | 2025-03 | $177,000 | 1,160 | 89.0% |
| 247 HAMMOND DR | 2025-08 | $308,000 | 1,129 | 47.0% |
| 1437 NINTH AVE | 2025-10 | $315,000 | 1,038 | 44.7% |
| 4074 S BLACK HORSE PK | 2025-08 | $175,000 | 1,081 | 100.6% |
| 335 WALNUT ST | 2025-05 | $290,000 | 1,252 | 50.9% |
| 181 PRINCETON PL | 2025-08 | $300,000 | 1,129 | 50.3% |
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