The Fair Share Report
2 Burr St
Monroe, NJ 08077
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 $251,343 – $346,500, from 12 comparable Monroe sales in the past 18 months, at this home's 1,310 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 $310,993 home should be assessed near $184,948.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $28,352 above what the ratio math suggests (15.3%).
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%90%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 33 BURR ST | 2025-06 | $370,000 | 1,310 | 57.5% |
| 18 BURR ST | 2025-05 | $331,000 | 1,310 | 63.8% |
| 617 VAN GOGH CT | 2025-01 | $250,000 | 1,303 | 58.4% |
| 601 VAN GOGH CT | 2025-07 | $250,000 | 1,286 | 57.5% |
| 604 VAN GOGH CT | 2025-02 | $264,000 | 1,418 | 58.6% |
| 510 DEGAS CT | 2026-04 | $245,000 | 1,418 | 61.7% |
| 206 RAPHAEL CT | 2026-03 | $245,000 | 1,418 | 61.5% |
| 515 ST KITTS DR | 2026-05 | $325,000 | 1,369 | 49.1% |
| 41 BURR ST | 2026-06 | $346,500 | 1,310 | 60.7% |
| 32 BURR ST | 2026-03 | $333,300 | 1,310 | 62.6% |
| 58 BURR ST | 2026-03 | $359,900 | 1,310 | 59.2% |
| 21 BURR ST | 2025-07 | $346,725 | 1,310 | 60.2% |
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