The Fair Share Report
199 Walnut St
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 $323,235 – $473,400, from 12 comparable Monroe sales in the past 18 months, at this home's 2,198 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 $395,907 home should be assessed near $235,446.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $82,146 below what the ratio math suggests (34.9%).
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
27%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 |
|---|---|---|---|---|
| 416 MADISON AVE | 2025-12 | $255,000 | 2,254 | 58.9% |
| 346 N MAIN ST | 2025-03 | $415,000 | 2,304 | 49.7% |
| 959 S MAIN ST | 2025-12 | $425,000 | 2,118 | 35.0% |
| 353 KETAL AVE | 2025-06 | $445,000 | 1,915 | 42.5% |
| 1900 LILLIAN DR | 2025-08 | $465,000 | 2,159 | 49.8% |
| 1157 NEW BROOKLYN RD | 2025-05 | $575,000 | 2,296 | 41.3% |
| 419 RADIX RD | 2026-04 | $384,595 | 2,352 | 65.9% |
| 211 JO-KANE RD | 2026-06 | $325,000 | 2,317 | 60.5% |
| 1839 CORNUS CT | 2025-06 | $530,000 | 2,325 | 52.3% |
| 420 HUNTINGDON DR | 2025-08 | $515,000 | 2,328 | 53.2% |
| 420 HUNTINGDON DR | 2025-04 | $420,000 | 2,328 | 65.2% |
| 208 BRANDYWINE DR | 2026-05 | $315,000 | 2,142 | 50.9% |
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