The Fair Share Report
19 First 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 $318,566 – $594,004, 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 $404,500 home should be assessed near $217,904.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,396 above what the ratio math suggests (19.5%).
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%87%
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 |
|---|---|---|---|---|
| 2 NORWOOD AVE | 2025-09 | $629,000 | 1,448 | 47.6% |
| 219N MANCHESTER LANE | 2025-11 | $257,500 | 1,486 | 21.3% |
| 22 DREXEL TERRACE | 2025-01 | $570,000 | 1,512 | 49.3% |
| 4 COLLINS AVENUE | 2026-04 | $575,000 | 1,488 | 58.8% |
| 201A OLD NASSAU RD | 2025-02 | $349,900 | 1,436 | 26.3% |
| 239A MAYFLOWER WAY | 2025-12 | $325,000 | 1,448 | 33.0% |
| 231A MARBLEHEAD LA | 2025-03 | $350,000 | 1,446 | 23.1% |
| 62C RHUS PLAZA | 2026-02 | $225,000 | 1,486 | 52.3% |
| 27 CARLTON AVENUE | 2025-09 | $510,000 | 1,525 | 55.4% |
| 305A STURBRIDGE LANE | 2025-03 | $350,000 | 1,448 | 34.3% |
| 42B CATALPA PLAZA | 2025-06 | $420,000 | 1,499 | 25.9% |
| 56 EVERGREEN TERRACE | 2026-04 | $565,000 | 1,444 | 47.2% |
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