The Fair Share Report
153 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 $230,329 – $295,004, 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 $262,743 home should be assessed near $156,253.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,753 below what the ratio math suggests (40.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.499 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
26%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 |
|---|---|---|---|---|
| 926 SYCAMORE LN | 2025-09 | $240,000 | 1,008 | 56.7% |
| 135 OAK ST | 2025-12 | $265,000 | 1,008 | 54.8% |
| 1437 NINTH AVE | 2025-10 | $315,000 | 1,038 | 44.7% |
| 4074 S BLACK HORSE PK | 2025-08 | $175,000 | 1,081 | 100.6% |
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 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% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 1319 HERBERT BLVD | 2025-09 | $270,250 | 1,008 | 53.8% |
| 1446 TWELFTH AVE | 2026-03 | $250,000 | 936 | 44.0% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
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