The Fair Share Report
2 Warwick Dr
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.
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Step 1 · Market value
Likely range $340,795 – $400,259, 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 $369,338 home should be assessed near $198,962.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,762 below what the ratio math suggests (21.0%).
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%67%
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 |
|---|---|---|---|---|
| 10C GLASTONBURY DR | 2026-02 | $380,000 | 1,578 | 34.2% |
| 20A ROTHWELL DR | 2025-05 | $390,000 | 1,589 | 30.0% |
| 20C DORCHESTER DRIVE | 2026-06 | $410,000 | 1,528 | 27.2% |
| 5D SCARBOROUGH RD | 2026-05 | $335,000 | 1,528 | 29.8% |
| 26D DANIEL WEBSTER AVE | 2026-01 | $345,000 | 1,528 | 27.6% |
| 3D BRISTOL COURT | 2025-08 | $385,000 | 1,528 | 27.2% |
| 3C HILLSBOROUGH DR | 2025-08 | $359,000 | 1,528 | 28.1% |
| 2C JOHN TYLER COURT | 2025-06 | $306,900 | 1,528 | 34.1% |
| 13C ETHAN ALLEN DRIVE | 2025-03 | $340,000 | 1,528 | 29.3% |
| 531A ARDMORE ROAD | 2026-05 | $337,500 | 1,612 | 34.4% |
| 801B POMPTON RD | 2026-03 | $383,900 | 1,612 | 30.2% |
| 719B DELAIR ROAD | 2025-12 | $350,000 | 1,628 | 37.9% |
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