The Fair Share Report
1630 Central 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 $259,234 – $306,071, 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 $291,553 home should be assessed near $173,387.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $66,187 below what the ratio math suggests (38.2%).
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 $3.536 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
30%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 |
|---|---|---|---|---|
| 4074 S BLACK HORSE PK | 2025-08 | $175,000 | 1,081 | 100.6% |
| 1437 NINTH AVE | 2025-10 | $315,000 | 1,038 | 44.7% |
| 633 GREENBRIAR DR | 2025-12 | $270,000 | 1,171 | 55.4% |
| 926 SYCAMORE LN | 2025-09 | $240,000 | 1,008 | 56.7% |
| 135 OAK ST | 2025-12 | $265,000 | 1,008 | 54.8% |
| 1035 S BEECHAM RD | 2025-07 | $315,000 | 1,040 | 48.8% |
| 1164 S BEECHAM RD | 2025-04 | $285,000 | 1,040 | 50.3% |
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 284 RADIX RD | 2026-04 | $300,000 | 1,304 | 58.5% |
| 181 PRINCETON PL | 2025-08 | $300,000 | 1,129 | 50.3% |
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