The Fair Share Report
1815 Forest Dr
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 $343,925 – $443,367, from 12 comparable Monroe sales in the past 18 months, at this home's 2,236 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 $416,326 home should be assessed near $247,589.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $62,689 below what the ratio math suggests (25.3%).
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
36%74%
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 |
|---|---|---|---|---|
| 1884 FOREST DR | 2025-09 | $270,000 | 2,308 | 76.6% |
| 1725 BRIARWOOD DR | 2025-06 | $450,505 | 2,272 | 41.3% |
| 101 JOANIE DR | 2025-09 | $323,000 | 2,202 | 73.3% |
| 1017 MICAWBER DR | 2026-01 | $445,000 | 2,390 | 48.1% |
| ALBERTUS DR (BACK) | 2026-02 | $410,000 | 2,265 | 50.3% |
| 934 HAMPTON WAY | 2025-09 | $390,000 | 2,040 | 47.4% |
| 1405 REDWOOD CT | 2025-04 | $420,000 | 2,037 | 47.0% |
| 448 INVERNESS RD | 2025-07 | $437,500 | 2,124 | 51.3% |
| 2524 LAKESIDE DR | 2026-06 | $355,000 | 2,308 | 58.4% |
| 545 GREENBRIAR DR | 2025-04 | $400,000 | 2,008 | 47.3% |
| 120 HEMLOCK DR | 2025-11 | $375,000 | 1,962 | 51.8% |
| 185 WARD LN | 2026-05 | $400,000 | 2,068 | 46.8% |
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