The Fair Share Report
2 Devon 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 $754,871 – $969,667, from 12 comparable Monroe sales in the past 18 months, at this home's 3,091 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 $783,107 home should be assessed near $421,860.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,740 above what the ratio math suggests (2.3%).
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 |
|---|---|---|---|---|
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
| 7 HOGAN WAY | 2025-10 | $775,000 | 3,108 | 55.7% |
| 15 MERION COURT | 2025-08 | $999,900 | 3,149 | 54.9% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
| 65 COUNTRY CLUB DRIVE | 2025-05 | $775,000 | 3,059 | 56.8% |
| 8 TAMARACK ROAD | 2025-10 | $975,000 | 3,108 | 51.6% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 18 CRENSHAW COURT | 2025-03 | $845,000 | 3,240 | 55.9% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 38 TANIA COURT | 2025-04 | $760,000 | 3,112 | 50.1% |
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