The Fair Share Report
237 Nighthawk 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 $349,886 – $422,549, 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 $386,063 home should be assessed near $207,972.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,072 below what the ratio math suggests (20.7%).
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%67%
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 |
|---|---|---|---|---|
| 729B MOUNT VERNON ROAD | 2025-05 | $347,000 | 1,516 | 46.3% |
| 666A AZALEA PLAZA | 2026-01 | $422,500 | 1,556 | 34.3% |
| 239 RHODE HALL ROAD | 2025-10 | $563,000 | 1,560 | 61.4% |
| 792D POMPTON RD | 2026-04 | $427,000 | 1,556 | 31.1% |
| 787A POMPTON ROAD | 2025-05 | $425,000 | 1,556 | 31.5% |
| 309 KINGLET DR. | 2026-04 | $352,250 | 1,604 | 44.1% |
| 110 WATERSIDE BLVD. | 2026-03 | $420,000 | 1,604 | 41.7% |
| 264 NIGHTHAWK DRIVE | 2026-02 | $405,000 | 1,604 | 40.0% |
| 284 MOCKINGBIRD DR. | 2026-01 | $365,000 | 1,604 | 47.6% |
| 118 TANAGER DR. | 2025-08 | $433,000 | 1,604 | 42.7% |
| 251 NIGHTHAWK DR. | 2025-04 | $391,000 | 1,604 | 41.4% |
| 639C MADISON DRIVE | 2025-06 | $360,000 | 1,530 | 30.1% |
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