The Fair Share Report
159 Ryan Ct
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 $563,642 – $933,911, 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 $712,156 home should be assessed near $383,638.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,238 below what the ratio math suggests (2.4%).
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%72%
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 |
|---|---|---|---|---|
| 20 STEEPLE ROAD | 2025-01 | $735,000 | 2,484 | 50.2% |
| 120 MURANO AVENUE | 2025-03 | $651,000 | 2,558 | 52.8% |
| 445 GRACE HILL ROAD | 2025-09 | $875,000 | 2,410 | 57.5% |
| 157 VALENCIA DRIVE | 2025-09 | $623,000 | 2,421 | 44.3% |
| 221 VALENCIA DRIVE | 2025-11 | $650,000 | 2,558 | 54.7% |
| 16 MOORLAND BLVD | 2025-12 | $900,000 | 2,484 | 54.9% |
| 38 BRIGHTON COURT | 2025-06 | $550,000 | 2,499 | 54.1% |
| 9 TIMBER HILL DRIVE | 2025-08 | $590,000 | 2,522 | 50.9% |
| 8 TURRET DRIVE | 2026-05 | $715,000 | 2,427 | 44.6% |
| 14 WEST DANTE ROAD | 2026-01 | $940,000 | 2,592 | 56.6% |
| 24 SADDLE COURT | 2025-08 | $1,060,024 | 2,573 | 52.0% |
| 6 DIAMOND SPRING DRIVE | 2025-06 | $725,000 | 2,540 | 46.5% |
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