The Fair Share Report
24 Ave E
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $772,987 – $1,104,906, 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 $888,483 home should be assessed near $478,626.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $83,674 above what the ratio math suggests (17.5%).
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%78%
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 |
|---|---|---|---|---|
| 5 ANTHEM STREET | 2025-08 | $822,000 | 3,218 | 58.6% |
| 14 MATANO COURT | 2025-05 | $905,000 | 3,276 | 63.0% |
| 28 CLAYTON AVENUE | 2026-01 | $999,000 | 3,101 | 50.8% |
| 3 MILLWOOD COURT | 2025-10 | $1,132,000 | 3,398 | 53.4% |
| 35 NARROWS WAY | 2025-02 | $1,125,000 | 3,248 | 48.8% |
| 5 CONTINENTAL COURT | 2025-10 | $1,333,000 | 3,640 | 48.5% |
| 38 TANIA COURT | 2025-04 | $760,000 | 3,112 | 50.1% |
| 118 TIMBER HILL DRIVE | 2025-07 | $750,000 | 3,255 | 30.7% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
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