The Fair Share Report

253 Rushfoil Dr

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

≈ $582,116

Likely range $477,368 – $623,830, 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 $582,116 home should be assessed near $346,184.

Step 3 · Assessed value

$290,300

Set at the last town-wide revaluation and mostly frozen since. That's $55,884 below what the ratio math suggests (16.1%).

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

$10,941/yr
Public schools$5,889
Gloucester County$2,015
Town of Monroe$3,037
Monroe average$7,870

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

Town median 50.9%
This home · 49.9%

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)

AddressSoldPriceSq ftRatio
1501 EXPOSITION DR2025-05$329,9002,49262.0%
1208 EXPOSITION DR2025-04$341,0002,49260.8%
1104 EXPOSITION DR2025-04$328,0002,50662.9%
815 KRISTIN LN2025-03$600,0002,38456.6%
213 SPRING BEAUTY DR2026-01$575,0002,42458.5%
263 STAGGERBUSH RD2025-07$595,0002,68860.2%
1116 LAFAYETTE ST2025-07$500,0002,48953.3%
1430 CRANLEIGH LN2026-01$595,0002,52246.0%
808 KRISTIN LN2025-06$625,0002,32651.9%
17 MATTHEWS ST2025-10$640,0002,48462.8%
25 MATTHEWS ST2026-04$615,0002,42462.1%
501 STOCKTON DR2026-05$580,0002,41048.5%

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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 →