The Fair Share Report
1606 Exposition Dr
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 $417,304 – $478,395, 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 $447,147 home should be assessed near $265,918.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,518 below what the ratio math suggests (22.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
37%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 |
|---|---|---|---|---|
| 1657 CARRIAGE DR | 2025-10 | $450,000 | 1,893 | 53.2% |
| 1665 CARRIAGE DR | 2026-05 | $439,000 | 1,918 | 52.5% |
| 1406 EXPOSITION DR | 2026-01 | $325,000 | 2,016 | 55.5% |
| 272 RUSHFOIL DR | 2025-10 | $455,000 | 1,984 | 52.1% |
| 4 PANMURE WAY | 2025-09 | $465,000 | 1,934 | 11.4% |
| 505 MATISSE WAY | 2026-02 | $330,000 | 2,016 | 53.9% |
| 1105 LAFAYETTE ST | 2026-05 | $475,000 | 1,886 | 50.8% |
| 527 RIVIERA DR | 2025-07 | $400,000 | 1,784 | 48.0% |
| 774 ALLISON DR | 2025-09 | $515,000 | 2,120 | 54.6% |
| 531 RIVIERA DR | 2026-05 | $419,000 | 1,988 | 49.6% |
| 1679 MILLS LN | 2025-07 | $500,000 | 1,882 | 47.7% |
| 1674 MILLS LN | 2025-03 | $425,000 | 1,841 | 58.2% |
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