The Fair Share Report
27 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 $564,805 – $800,905, from 12 comparable Monroe sales in the past 18 months, at this home's 2,360 sq ft.
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 $671,145 home should be assessed near $361,546.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $94,154 above what the ratio math suggests (26.0%).
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%86%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 3 GUINEVERE ROAD | 2025-01 | $880,000 | 2,437 | 58.1% |
| 16 MOORLAND BLVD | 2025-12 | $900,000 | 2,484 | 54.9% |
| 25 LEEDS LANE | 2026-06 | $650,000 | 2,254 | 47.8% |
| 49 BIRMINGHAM LN. | 2025-01 | $520,000 | 2,456 | 40.9% |
| 2 GUINEVERE ROAD | 2026-03 | $1,075,000 | 2,480 | 46.0% |
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
| 15 ANDERSON AVENUE | 2025-10 | $900,000 | 2,652 | 55.3% |
| 136 BIRMINGHAM LANE | 2026-01 | $555,000 | 2,576 | 42.5% |
| 541 WATERSIDE BLVD. | 2025-09 | $549,999 | 2,131 | 38.9% |
| 532 WATERSIDE BLVD. | 2025-07 | $527,000 | 2,131 | 39.8% |
| 673 BLUEBIRD DRIVE | 2025-06 | $510,000 | 2,131 | 37.9% |
| 595 WATERSIDE BLVD. | 2025-05 | $585,000 | 2,131 | 35.4% |
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