The Fair Share Report
16 Eighth Ave
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 $780,693 – $983,037, from 12 comparable Monroe sales in the past 18 months, at this home's 2,784 sq ft.
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 $932,976 home should be assessed near $502,594.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $128,094 below what the ratio math suggests (25.5%).
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%67%
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 |
|---|---|---|---|---|
| 111 APPLEGATE AVENUE | 2025-12 | $800,000 | 3,096 | 52.3% |
| 675A YARBOROUGH WAY SOUTH | 2026-04 | $541,000 | 2,682 | 43.1% |
| 15 ROSEWOOD LANE | 2026-05 | $750,000 | 2,339 | 48.4% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 39 EVERGREEN TERRACE | 2025-08 | $775,000 | 2,258 | 45.8% |
| 15 ANDERSON AVENUE | 2025-10 | $900,000 | 2,652 | 55.3% |
| 6 ELLIOT DRIVE | 2025-12 | $855,000 | 2,667 | 61.4% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 36 EVERGREEN TERRACE | 2025-04 | $805,000 | 2,248 | 46.5% |
| 18 NORTH RHODA STREET | 2025-12 | $820,000 | 2,258 | 46.8% |
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
Is this your house?
Run your own report →