The Fair Share Report
18 Eighth Ave
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 $492,885 – $728,170, from 12 comparable Monroe sales in the past 18 months, at this home's 2,009 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 $679,152 home should be assessed near $365,859.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,659 below what the ratio math suggests (15.5%).
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%68%
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 |
|---|---|---|---|---|
| 38 EVERGREEN TERRACE | 2025-06 | $715,000 | 1,973 | 42.8% |
| 15 RIDGEWOOD AVENUE | 2025-01 | $500,000 | 2,038 | 62.7% |
| 6 GRAVEL HILL-SPTSWD RD | 2025-01 | $740,000 | 1,922 | 43.9% |
| 727B MOUNT VERNON ROAD | 2025-08 | $417,000 | 1,937 | 37.1% |
| 132 UNION VALLEY ROAD | 2025-05 | $699,899 | 1,931 | 46.0% |
| 1 GARVEY DRIVE | 2026-06 | $750,000 | 2,129 | 46.8% |
| 730B MOUNT VERNON ROAD | 2025-02 | $425,000 | 2,040 | 34.4% |
| 339 GRAVEL HILL ROAD | 2025-03 | $515,000 | 2,058 | 62.6% |
| 368C METUCHEN DRIVE | 2025-07 | $320,000 | 1,911 | 34.9% |
| 21 MCFADDEN DR | 2025-01 | $716,000 | 2,118 | 63.3% |
| 264A GLEN ROAD | 2026-04 | $549,900 | 1,853 | 24.7% |
| 1 SOUTH RHODA STREET | 2026-01 | $675,000 | 1,882 | 47.9% |
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