The Fair Share Report
1848 Cornus Ct
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 $579,148 – $655,838, from 12 comparable Monroe sales in the past 18 months, at this home's 2,696 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 $613,665 home should be assessed near $364,947.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,647 below what the ratio math suggests (19.6%).
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%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 |
|---|---|---|---|---|
| 1241 WHISPERING WOODS DR | 2026-04 | $630,000 | 2,672 | 47.6% |
| 1500 CAREX CT | 2025-03 | $650,000 | 2,672 | 46.4% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1225 WHISPERING WOODS DR | 2025-06 | $585,000 | 2,672 | 48.9% |
| 1632 WHISPERING WOODS DR | 2025-08 | $602,900 | 2,696 | 50.7% |
| 1621 WHISPERING WOODS DR | 2025-06 | $600,000 | 2,633 | 49.1% |
| 1714 BIDEN LN | 2025-10 | $645,000 | 2,594 | 45.6% |
| 1401 SUNDROP CT | 2025-10 | $590,000 | 2,844 | 53.3% |
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
| 1505 SALIX CT | 2025-09 | $655,000 | 2,633 | 45.8% |
| 1742 WHISPERING WOODS DR | 2026-05 | $675,000 | 2,601 | 45.3% |
| 1705 ROCKCREST CT | 2026-04 | $657,000 | 2,766 | 50.7% |
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