The Fair Share Report
2977 Jackson Rd
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 $219,479 – $312,577, from 12 comparable Monroe sales in the past 18 months, at this home's 1,032 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 $237,950 home should be assessed near $141,509.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $13,009 below what the ratio math suggests (9.2%).
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 $3.574 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
36%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 |
|---|---|---|---|---|
| 103 RAPHAEL CT | 2025-10 | $245,000 | 1,152 | 51.7% |
| 409 DEGAS CT | 2025-04 | $245,000 | 1,152 | 53.5% |
| 713 VAN GOGH CT | 2025-10 | $250,000 | 1,152 | 52.9% |
| 1035 S BEECHAM RD | 2025-07 | $315,000 | 1,040 | 48.8% |
| 1164 S BEECHAM RD | 2025-04 | $285,000 | 1,040 | 50.3% |
| 800 AMES RD | 2025-03 | $245,000 | 1,268 | 68.4% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| 633 GREENBRIAR DR | 2025-12 | $270,000 | 1,171 | 55.4% |
| 601 VAN GOGH CT | 2025-07 | $250,000 | 1,286 | 57.5% |
| 1049 CLAYTON RD | 2025-05 | $385,000 | 1,176 | 46.5% |
| 446 PRINCE AVE | 2025-08 | $155,000 | 1,032 | 31.6% |
| 3109 JACKSON RD | 2025-12 | $315,000 | 964 | 60.9% |
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