The Fair Share Report
28 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 $352,133 – $445,881, 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 $370,082 home should be assessed near $199,363.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,737 above what the ratio math suggests (42.5%).
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%86%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $2,322/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 10C ANDREW JOHNSON DRIVE | 2026-05 | $300,000 | 1,597 | 35.0% |
| 35C EDINBURGH DRIVE | 2026-03 | $365,000 | 1,597 | 28.1% |
| 10D ANDREW JOHNSON DRIVE | 2026-01 | $335,000 | 1,597 | 29.7% |
| 32D EDINBURGH DRIVE | 2025-10 | $355,000 | 1,597 | 28.0% |
| 1C INGRAM DR | 2025-09 | $369,900 | 1,597 | 28.0% |
| 16C ANDREW JOHNSON DRIVE | 2025-08 | $329,000 | 1,597 | 30.2% |
| 642B MADISON DRIVE | 2025-07 | $460,000 | 1,556 | 31.3% |
| 636A MADISON DRIVE | 2025-01 | $395,000 | 1,556 | 36.7% |
| 835B VAIL RD | 2026-01 | $435,000 | 1,556 | 32.9% |
| 641C MADISON DRIVE | 2025-03 | $355,000 | 1,530 | 30.6% |
| 9C ABRAHAM LINCOLN COURT | 2025-04 | $395,000 | 1,597 | 28.8% |
| 304 WAXWING DR. | 2026-01 | $372,000 | 1,604 | 43.3% |
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