The Fair Share Report
200 Walnut St
Monroe, NJ 08094
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Monroe's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $299,502 – $558,632, from 12 comparable Monroe sales in the past 18 months, at this home's 2,404 sq ft.
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 $393,098 home should be assessed near $233,775.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $35,575 below what the ratio math suggests (15.2%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
30%74%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 419 RADIX RD | 2026-04 | $384,595 | 2,352 | 65.9% |
| 346 N MAIN ST | 2025-03 | $415,000 | 2,304 | 49.7% |
| 416 MADISON AVE | 2025-12 | $255,000 | 2,254 | 58.9% |
| 1686 CARRIAGE DR | 2026-05 | $600,000 | 2,393 | 48.0% |
| 353 KETAL AVE | 2025-06 | $445,000 | 1,915 | 42.5% |
| 1304 MORGAN RD | 2026-01 | $270,000 | 2,292 | 62.9% |
| 118 CONCORD DR | 2025-06 | $300,000 | 2,408 | 75.2% |
| 1700 CURRANT CT | 2025-07 | $525,000 | 2,443 | 51.9% |
| 1501 EXPOSITION DR | 2025-05 | $329,900 | 2,492 | 62.0% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
| 1884 FOREST DR | 2025-09 | $270,000 | 2,308 | 76.6% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
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