The Fair Share Report
294 Broad St
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $359,189 – $438,499, 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 $397,442 home should be assessed near $236,359.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,959 below what the ratio math suggests (3.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.659 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
| 325 GORDON AVE | 2025-09 | $408,000 | 2,164 | 56.7% |
| 1666 HOLLY PKWY | 2026-06 | $455,000 | 2,068 | 43.4% |
| 11 GILBERT CT | 2025-07 | $360,000 | 2,018 | 49.3% |
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 280 IRELAND TER | 2025-12 | $345,000 | 2,068 | 53.4% |
| 1740 FOREST DR | 2026-05 | $409,000 | 2,037 | 46.4% |
| 185 WARD LN | 2026-05 | $400,000 | 2,068 | 46.8% |
| 185 WARD LN | 2026-01 | $250,000 | 2,068 | 74.8% |
| ALBERTUS DR (BACK) | 2026-02 | $410,000 | 2,265 | 50.3% |
| 1601 WHITE OAK LN | 2026-02 | $360,000 | 2,068 | 52.0% |
| 101 JOANIE DR | 2025-09 | $323,000 | 2,202 | 73.3% |
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