The Fair Share Report
2 Sequoia Ct
Monroe, NJ 08094
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 $566,231 – $695,539, 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 $636,632 home should be assessed near $378,605.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $12,505 below what the ratio math suggests (3.3%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.408 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%74%
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 |
|---|---|---|---|---|
| 104 PRESLEY WAY | 2026-05 | $650,000 | 2,708 | 61.9% |
| 179 PRESLEY WAY | 2026-03 | $615,000 | 2,708 | 69.5% |
| 211 RIPLEY CT | 2026-02 | $635,000 | 3,026 | 44.8% |
| 748 DEVONSHIRE DR | 2025-01 | $575,000 | 3,015 | 52.0% |
| 13 CANDLEWOOD RD | 2025-06 | $700,000 | 3,096 | 43.5% |
| 249 SPRING BEAUTY DR | 2025-06 | $725,000 | 2,757 | 55.4% |
| 1778 CARRIAGE DR | 2025-04 | $525,000 | 2,916 | 58.5% |
| 30 CANDLEWOOD RD | 2025-08 | $675,000 | 3,173 | 47.7% |
| 724 DAVINCI WAY | 2025-06 | $580,000 | 2,801 | 49.3% |
| 240 BUCKHORN DR | 2025-12 | $495,000 | 3,012 | 66.6% |
| 1209 SASSAFRAS CT | 2025-07 | $605,000 | 3,000 | 51.0% |
| 85 PRESLEY WAY | 2026-01 | $615,000 | 2,526 | 65.7% |
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