The Fair Share Report
2 Tracker St
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 $768,363 – $834,681, 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 $815,744 home should be assessed near $439,441.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,759 above what the ratio math suggests (20.7%).
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%74%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $2,487/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 46 MANDRAKE ROAD | 2026-03 | $835,000 | 3,195 | 53.7% |
| 146 DIAMOND SPRING DRIVE | 2025-07 | $830,000 | 3,195 | 53.3% |
| 146 DIAMOND SPRING DRIVE | 2025-05 | $825,000 | 3,195 | 53.6% |
| 7 RIVIERA DRIVE | 2025-11 | $775,000 | 3,185 | 63.8% |
| 53 MANDRAKE ROAD | 2025-08 | $735,000 | 3,049 | 55.4% |
| 85 DIAMOND SPRING DRIVE | 2025-09 | $815,000 | 3,271 | 50.6% |
| 16 AQUADUCT ROAD | 2026-05 | $785,000 | 3,064 | 51.5% |
| 130 COBBLESTONE BLVD. | 2025-10 | $775,000 | 3,064 | 51.9% |
| 1 JESTER COURT | 2025-07 | $744,900 | 3,064 | 53.6% |
| 5 ANTHEM STREET | 2025-08 | $822,000 | 3,218 | 58.6% |
| 30 MERLOT COURT | 2025-12 | $700,000 | 3,263 | 54.6% |
| 79 RIVIERA DRIVE | 2025-02 | $900,000 | 3,240 | 51.2% |
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