The Fair Share Report
17 Mitchell Dr
Monroe, NJ 08831
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Monroe's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $714,576 – $1,101,798, from 12 comparable Monroe sales in the past 18 months, at this home's 2,926 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 $931,640 home should be assessed near $501,874.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,874 below what the ratio math suggests (7.5%).
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%70%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 23 KESWICK CIRCLE | 2025-06 | $1,225,000 | 2,870 | 53.4% |
| 14 NICHOLAS AVENUE | 2026-02 | $1,315,000 | 2,984 | 45.2% |
| 35 SPRUCE MEADOWS DRIVE | 2025-08 | $940,000 | 2,882 | 56.1% |
| 28 STANLEY DRIVE | 2026-03 | $1,150,000 | 3,086 | 46.8% |
| 4 ANGELINA COURT | 2025-06 | $1,180,000 | 3,098 | 54.4% |
| 7 ANGELINA COURT | 2026-03 | $1,025,000 | 3,102 | 58.6% |
| 38 TANIA COURT | 2025-04 | $760,000 | 3,112 | 50.1% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 2 GOLFVIEW COURT | 2026-05 | $860,000 | 2,701 | 61.5% |
| 4 SYCAMORE COURT | 2025-03 | $1,060,000 | 2,815 | 50.2% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
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