The Fair Share Report
232 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $185,360 – $291,529, 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 $259,317 home should be assessed near $154,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,116 below what the ratio math suggests (34.4%).
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
29%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 |
|---|---|---|---|---|
| 132 OAK ST | 2025-01 | $218,000 | 1,092 | 45.3% |
| 267 HUBER AVE | 2025-09 | $115,000 | 1,099 | 73.3% |
| 3519 SUNSET AVE | 2025-10 | $282,500 | 954 | 43.4% |
| 1438 VICTORY AVE | 2025-03 | $177,000 | 1,160 | 89.0% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 13-21 S MAIN ST | 2025-08 | $170,000 | 960 | 66.5% |
| 329 BLUE BELL RD | 2025-03 | $250,000 | 1,338 | 62.2% |
| POPLAR AVE | 2026-06 | $250,000 | 960 | 2.7% |
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 1446 TWELFTH AVE | 2026-03 | $250,000 | 936 | 44.0% |
| 1729 JANVIER RD | 2025-04 | $321,000 | 1,301 | 52.1% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
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