The Fair Share Report
2 Old Rd
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 $537,134 – $690,357, 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 $632,469 home should be assessed near $340,711.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,989 above what the ratio math suggests (1.5%).
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 |
|---|---|---|---|---|
| 25 LEEDS LANE | 2026-06 | $650,000 | 2,254 | 47.8% |
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
| 541 WATERSIDE BLVD. | 2025-09 | $549,999 | 2,131 | 38.9% |
| 532 WATERSIDE BLVD. | 2025-07 | $527,000 | 2,131 | 39.8% |
| 673 BLUEBIRD DRIVE | 2025-06 | $510,000 | 2,131 | 37.9% |
| 595 WATERSIDE BLVD. | 2025-05 | $585,000 | 2,131 | 35.4% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 15 MISSY LANE | 2025-11 | $630,000 | 2,214 | 49.1% |
| 741B NAUTILUS COURT | 2025-12 | $439,900 | 2,096 | 36.4% |
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 741A NAUTILUS COURT | 2025-10 | $400,000 | 2,096 | 39.5% |
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