The Fair Share Report
19 Mitchell Dr
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 $1,097,629 – $1,336,039, 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 $1,168,645 home should be assessed near $629,549.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,449 below what the ratio math suggests (11.8%).
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%67%
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 |
|---|---|---|---|---|
| 10 ARLENE DRIVE | 2026-05 | $999,999 | 3,416 | 58.4% |
| 3 MILLWOOD COURT | 2025-10 | $1,132,000 | 3,398 | 53.4% |
| 10 VILLA FARMS CIRCLE | 2025-11 | $1,318,500 | 3,506 | 53.3% |
| 5 MACFARLANE CIRCLE | 2025-03 | $1,075,001 | 3,336 | 65.2% |
| 14 MATANO COURT | 2025-05 | $905,000 | 3,276 | 63.0% |
| 21 SKEBA DRIVE | 2025-06 | $1,465,000 | 3,628 | 44.7% |
| 28 TALL OAKS DRIVE | 2025-02 | $1,190,000 | 3,420 | 50.4% |
| 45 DUCHESS DRIVE | 2025-03 | $1,361,000 | 3,635 | 48.9% |
| 12 RED OAK COURT | 2025-04 | $1,175,000 | 3,324 | 49.5% |
| 19 STONEGATE DRIVE | 2025-08 | $999,900 | 3,168 | 58.1% |
| 8 DUCHESS DRIVE | 2025-12 | $1,250,000 | 3,763 | 50.7% |
| 7 ANGELINA COURT | 2026-03 | $1,025,000 | 3,102 | 58.6% |
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