The Fair Share Report
15 Mitchell Dr
Monroe, NJ 08831
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 $723,002 – $1,213,107, 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 $979,069 home should be assessed near $527,424.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,324 below what the ratio math suggests (6.7%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%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 |
|---|---|---|---|---|
| 38 TANIA COURT | 2025-04 | $760,000 | 3,112 | 50.1% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
| 14 MATANO COURT | 2025-05 | $905,000 | 3,276 | 63.0% |
| 7 ANGELINA COURT | 2026-03 | $1,025,000 | 3,102 | 58.6% |
| 4 ANGELINA COURT | 2025-06 | $1,180,000 | 3,098 | 54.4% |
| 28 STANLEY DRIVE | 2026-03 | $1,150,000 | 3,086 | 46.8% |
| 10 MIMI DRIVE | 2025-09 | $1,240,000 | 3,092 | 51.7% |
| 31 MACFARLANE CIRCLE | 2026-03 | $1,285,000 | 3,295 | 51.1% |
| 10 MAGNOLIA COURT | 2025-07 | $1,190,000 | 3,083 | 53.2% |
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