The Fair Share Report

210 Oak St

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.

Step 1 · Market value

≈ $186,730

Likely range $156,990 – $237,442, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.47%

The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $186,730 home should be assessed near $111,048.

Step 3 · Assessed value

$61,100

Set at the last town-wide revaluation and mostly frozen since. That's $49,948 below what the ratio math suggests (45.0%).

Step 4 · The tax rate — same for every Monroe home

$3.768 per $100 assessed

$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%

Step 5 · The bill

$2,303/yr
Public schools$1,239
Gloucester County$424
Town of Monroe$639
Monroe average$7,870

This home vs. every recent Monroe sale · assessed ÷ market

Town median 50.9%
This home · 32.7%

20%74%

Keep quiet and enjoy it

This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
POPLAR AVE2026-06$250,0009602.7%
2003 LAKESIDE DR2025-06$294,90074047.3%
1607 VICTORY AVE2026-03$320,00096044.0%
308 FOURTH ST2025-02$175,00094663.3%
3781 LAKE AVE2025-08$112,50068861.4%
555 ST KITTS DR2025-05$320,0001,31847.8%
580 DORAL DR2025-08$290,0001,30052.5%
10 BATTLES RD2026-02$280,00089851.3%
638 BARBADOS DR2025-08$299,9001,21947.3%
402 PARADISE RD2026-02$335,0001,31854.2%
402 PARADISE RD2025-05$255,0001,31871.3%
1035 S BEECHAM RD2025-07$315,0001,04048.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →