The Fair Share Report
164 Harrell 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 $300,889 – $503,095, 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 $409,095 home should be assessed near $243,289.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,611 above what the ratio math suggests (1.5%).
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
39%88%
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 |
|---|---|---|---|---|
| 1304 MORGAN RD | 2026-01 | $270,000 | 2,292 | 62.9% |
| ALBERTUS DR (BACK) | 2026-02 | $410,000 | 2,265 | 50.3% |
| 1157 NEW BROOKLYN RD | 2025-05 | $575,000 | 2,296 | 41.3% |
| 109 LINDALE AVE | 2026-01 | $399,500 | 1,846 | 50.1% |
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
| 750 E MALAGA RD | 2025-01 | $275,000 | 2,032 | 64.3% |
| 22 ACADEMY ST | 2026-02 | $320,000 | 2,068 | 57.0% |
| 211 JO-KANE RD | 2026-06 | $325,000 | 2,317 | 60.5% |
| 1884 FOREST DR | 2025-09 | $270,000 | 2,308 | 76.6% |
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 959 S MAIN ST | 2025-12 | $425,000 | 2,118 | 35.0% |
| 3308 LAKESIDE DR | 2025-12 | $475,000 | 2,740 | 48.3% |
Is this your house?
Run your own report →