The Fair Share Report
287C Sunset Cir
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 $395,568 – $519,109, from 12 comparable Monroe sales in the past 18 months, at this home's 1,568 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 $431,174 home should be assessed near $232,273.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $119,073 below what the ratio math suggests (51.3%).
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
16%67%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 152A CHATHAM DRIVE | 2025-09 | $422,500 | 1,586 | 36.0% |
| 173 OLD FORGE ROAD | 2025-02 | $550,000 | 1,587 | 57.2% |
| 97A SALIX PLAZA | 2025-10 | $388,000 | 1,538 | 30.6% |
| 165C BELMAR ROAD | 2025-08 | $277,500 | 1,588 | 40.0% |
| 1 MONROE BLVD | 2025-10 | $476,500 | 1,570 | 49.9% |
| 26 BENTLEY ROAD | 2025-11 | $535,000 | 1,616 | 56.3% |
| 171 OLD FORGE ROAD | 2026-02 | $530,000 | 1,596 | 59.1% |
| 249B DOREMUS DRIVE | 2025-09 | $405,000 | 1,598 | 36.2% |
| 42B CATALPA PLAZA | 2025-06 | $420,000 | 1,499 | 25.9% |
| 180A MIMOSA PLAZA | 2025-07 | $395,000 | 1,499 | 26.6% |
| 62C RHUS PLAZA | 2026-02 | $225,000 | 1,486 | 52.3% |
| 448 SCHOOLHOUSE ROAD | 2025-07 | $645,000 | 1,560 | 51.6% |
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