The Fair Share Report
20 Mitchell 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 $663,914 – $1,118,470, 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 $950,653 home should be assessed near $512,117.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,417 below what the ratio math suggests (12.6%).
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%73%
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 |
|---|---|---|---|---|
| 23 KESWICK CIRCLE | 2025-06 | $1,225,000 | 2,870 | 53.4% |
| 35 SPRUCE MEADOWS DRIVE | 2025-08 | $940,000 | 2,882 | 56.1% |
| 14 NICHOLAS AVENUE | 2026-02 | $1,315,000 | 2,984 | 45.2% |
| 2 GOLFVIEW COURT | 2026-05 | $860,000 | 2,701 | 61.5% |
| 4 SYCAMORE COURT | 2025-03 | $1,060,000 | 2,815 | 50.2% |
| 4 ANGELINA COURT | 2025-06 | $1,180,000 | 3,098 | 54.4% |
| 7 ANGELINA COURT | 2026-03 | $1,025,000 | 3,102 | 58.6% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 28 STANLEY DRIVE | 2026-03 | $1,150,000 | 3,086 | 46.8% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 28 IMPERIAL COURT | 2026-01 | $1,135,000 | 2,770 | 49.1% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
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