The Fair Share Report
231 Walnut 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $271,531 – $341,017, from 12 comparable Monroe sales in the past 18 months, at this home's 1,362 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 $330,683 home should be assessed near $196,657.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,457 below what the ratio math suggests (22.6%).
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
39%74%
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 |
|---|---|---|---|---|
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 221 OAK ST | 2025-03 | $160,000 | 1,440 | 73.9% |
| 619 BARBADOS DR | 2025-11 | $310,000 | 1,365 | 49.6% |
| 329 BLUE BELL RD | 2025-03 | $250,000 | 1,338 | 62.2% |
| 1729 JANVIER RD | 2025-04 | $321,000 | 1,301 | 52.1% |
| 643 BLUE BELL RD | 2026-01 | $364,100 | 1,460 | 45.7% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 501 TRINIDAD BLVD | 2026-04 | $305,000 | 1,342 | 48.4% |
| 555 ST KITTS DR | 2025-05 | $320,000 | 1,318 | 47.8% |
| 402 PARADISE RD | 2026-02 | $335,000 | 1,318 | 54.2% |
| 402 PARADISE RD | 2025-05 | $255,000 | 1,318 | 71.3% |
Is this your house?
Run your own report →