The Fair Share Report
2 Compton Ct
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 $834,764 – $1,192,775, 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 $1,077,669 home should be assessed near $580,540.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,640 below what the ratio math suggests (6.5%).
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%70%
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 |
|---|---|---|---|---|
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
| 19 OAK HILL DRIVE | 2025-01 | $1,190,000 | 3,044 | 45.5% |
| 3 DEVON COURT | 2025-07 | $890,000 | 3,131 | 51.1% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 33 BRANDON AVENUE | 2025-04 | $1,150,000 | 3,013 | 58.0% |
| 20 ROBIN LANE | 2025-01 | $1,200,000 | 3,111 | 54.7% |
| 5 ANNIE LANE | 2025-05 | $1,150,000 | 3,092 | 49.3% |
| 24 SCOTT DRIVE | 2025-06 | $1,126,000 | 3,054 | 53.1% |
| 35 SHERWOOD DRIVE | 2025-09 | $685,018 | 3,096 | 44.9% |
| 4 ERIC COURT | 2025-05 | $999,900 | 2,901 | 54.2% |
| 10 MAGNOLIA COURT | 2025-07 | $1,190,000 | 3,083 | 53.2% |
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