The Fair Share Report
175 River Rd
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 $1,252,286 – $1,557,066, 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 $1,358,246 home should be assessed near $731,687.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,987 below what the ratio math suggests (0.7%).
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 |
|---|---|---|---|---|
| 15 SUNNY COURT | 2025-12 | $1,999,999 | 4,148 | 40.9% |
| 36 IMPERIAL COURT | 2025-05 | $1,355,000 | 3,978 | 51.6% |
| 1 ANGELO COURT | 2025-01 | $1,330,000 | 4,020 | 51.1% |
| 5 CONTINENTAL COURT | 2025-10 | $1,333,000 | 3,640 | 48.5% |
| 20 CARNEGIE STREET | 2025-09 | $1,228,000 | 4,059 | 53.5% |
| 13 CARNEGIE STREET | 2025-10 | $1,115,000 | 4,029 | 59.5% |
| 12 SUNNY COURT | 2025-07 | $1,120,000 | 3,614 | 57.3% |
| 8 DUCHESS DRIVE | 2025-12 | $1,250,000 | 3,763 | 50.7% |
| 487 SPOTSWD-GRVL HILL RD. | 2025-06 | $1,250,000 | 3,884 | 49.2% |
| 21 WOODMERE ROAD | 2026-06 | $1,440,000 | 4,333 | 54.6% |
| 45 DUCHESS DRIVE | 2025-03 | $1,361,000 | 3,635 | 48.9% |
| 8 PREAKNESS DRIVE | 2025-05 | $1,950,000 | 4,853 | 48.6% |
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