The Fair Share Report
26 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 $344,541 – $551,757, 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 $390,886 home should be assessed near $210,570.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,230 above what the ratio math suggests (12.9%).
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%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 |
|---|---|---|---|---|
| 32 AVENUE F | 2025-11 | $580,000 | 1,082 | 48.9% |
| 41 MORTON AVE | 2025-03 | $525,000 | 1,560 | 52.5% |
| 20 ELLINGHAM AVENUE | 2025-05 | $551,003 | 1,296 | 48.2% |
| 81 E LINCOLN AVE | 2026-05 | $481,000 | 1,184 | 52.1% |
| 35 NELSON AVENUE | 2026-04 | $500,000 | 1,248 | 55.9% |
| 24 HARRIGAN AVE | 2025-11 | $475,000 | 1,234 | 47.8% |
| 62 HELMETTA ROAD | 2025-12 | $445,000 | 1,124 | 43.4% |
| 4B JAMES POLK COURT | 2026-06 | $350,000 | 1,320 | 30.7% |
| 5A HILLSBOROUGH DR | 2026-02 | $345,000 | 1,320 | 33.3% |
| 20A DORCHESTER DRIVE | 2025-10 | $375,000 | 1,320 | 31.4% |
| 2B SURREY COURT | 2025-09 | $355,000 | 1,320 | 30.3% |
| 59A YORKSHIRE DR | 2025-09 | $318,294 | 1,320 | 33.8% |
Is this your house?
Run your own report →