The Fair Share Report

1444 Alpine Ln

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.

Step 1 · Market value

≈ $619,579

Likely range $551,064 – $653,491, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.47%

The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $619,579 home should be assessed near $368,464.

Step 3 · Assessed value

$352,600

Set at the last town-wide revaluation and mostly frozen since. That's $15,864 below what the ratio math suggests (4.3%).

Step 4 · The tax rate — same for every Monroe home

$3.768 per $100 assessed

$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%

Step 5 · The bill

$13,290/yr
Public schools$7,153
Gloucester County$2,448
Town of Monroe$3,689
Monroe average$7,870

This home vs. every recent Monroe sale · assessed ÷ market

Town median 50.9%
This home · 56.9%

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)

AddressSoldPriceSq ftRatio
1128 TAMARIND PL2025-07$620,0002,94547.2%
1400 ENDINGO AVE2025-08$635,0002,88252.5%
1401 SUNDROP CT2025-10$590,0002,84453.3%
748 DEVONSHIRE DR2025-01$575,0003,01552.0%
1303 HEIDELBERG DR2025-09$510,0002,71250.7%
211 RIPLEY CT2026-02$635,0003,02644.8%
1500 CAREX CT2025-03$650,0002,67246.4%
240 BUCKHORN DR2025-12$495,0003,01266.6%
1739 BLUESTEM AVE2025-08$577,0002,68655.9%
13 CANDLEWOOD RD2025-06$700,0003,09643.5%
1209 SASSAFRAS CT2025-07$605,0003,00051.0%
1018 WOODHILL CT2026-02$475,0002,73656.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →