The Fair Share Report
1848 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 $431,389 – $487,683, 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 $457,516 home should be assessed near $272,085.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,985 below what the ratio math suggests (25.4%).
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%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 190 DUNDEE DR | 2025-05 | $485,000 | 1,876 | 48.6% |
| 310 COPPERFIELD DR | 2025-02 | $450,000 | 1,835 | 48.9% |
| 1418 SEVENTH AVE | 2025-01 | $275,000 | 1,920 | 62.1% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
| 336 COPPERFIELD DR | 2026-06 | $365,000 | 1,818 | 60.7% |
| 332 COPPERFIELD DR | 2025-05 | $460,000 | 1,818 | 51.7% |
| 363 BRYN MAWR DR | 2025-07 | $452,250 | 1,890 | 54.5% |
| 1825 HESSIAN DR | 2025-10 | $469,900 | 1,896 | 51.2% |
| 1818 HESSIAN DR | 2025-04 | $460,000 | 1,896 | 53.4% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 832 ROSETREE DR | 2026-05 | $470,000 | 1,920 | 47.5% |
| 804 ROSETREE DR | 2025-07 | $460,000 | 1,920 | 47.2% |
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