The Fair Share Report
2 Fox Run
Monroe, NJ 08831
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
A touch high — but not appeal-worthy
Above most of Monroe, but below NJ's legal appeal line (61.95%), where a case becomes winnable.
Step 1 · Market value
Likely range $401,608 – $701,513, 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 $482,814 home should be assessed near $260,092.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $130,708 above what the ratio math suggests (50.3%).
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%103%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 730B MOUNT VERNON ROAD | 2025-02 | $425,000 | 2,040 | 34.4% |
| 678B YARBOROUGH WAY SOUTH | 2025-12 | $455,000 | 2,096 | 34.0% |
| 87 FAIRWAY BLVD | 2026-01 | $695,000 | 2,062 | 56.5% |
| 95 FAIRWAY BLVD | 2025-08 | $757,000 | 2,062 | 48.1% |
| 13 FAIRWAY BLVD | 2025-05 | $750,100 | 2,062 | 48.3% |
| 103 PERGOLA AVENUE | 2026-01 | $681,000 | 2,043 | 48.1% |
| 43C WINTHROP RD | 2025-12 | $380,000 | 1,920 | 39.2% |
| 19A RUTLAND LANE | 2025-11 | $385,000 | 1,920 | 38.9% |
| 3F CHADWICK LANE | 2025-06 | $465,000 | 1,920 | 35.5% |
| 368C METUCHEN DRIVE | 2025-07 | $320,000 | 1,911 | 34.9% |
| 727B MOUNT VERNON ROAD | 2025-08 | $417,000 | 1,937 | 37.1% |
| 763A MARLTON RD | 2025-10 | $433,000 | 1,808 | 31.6% |
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