The Fair Share Report
2 First Ave
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 $635,176 – $797,949, 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 $758,016 home should be assessed near $408,343.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,857 above what the ratio math suggests (3.4%).
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%72%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 110 DEY GROVE ROAD | 2025-01 | $840,000 | 2,260 | 49.6% |
| 17 FLORENCE DRIVE | 2025-05 | $755,000 | 2,308 | 51.6% |
| 15 ROSEWOOD LANE | 2026-05 | $750,000 | 2,339 | 48.4% |
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 13 MCFADDEN DR | 2025-05 | $740,000 | 2,301 | 52.0% |
| 71 LEEDS LANE | 2026-01 | $535,000 | 2,433 | 58.9% |
| 213 DEY GROVE ROAD | 2025-07 | $635,000 | 2,395 | 52.6% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 475 GRACE HILL ROAD | 2025-10 | $869,000 | 2,592 | 55.7% |
| 333 GRAVEL HILL ROAD | 2024-12 | $800,000 | 2,496 | 52.5% |
Is this your house?
Run your own report →