The Fair Share Report
3 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 $720,208 – $795,458, 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 $765,943 home should be assessed near $412,613.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,413 below what the ratio math suggests (1.1%).
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%67%
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 |
|---|---|---|---|---|
| 47 EAST SEDGWICK STREET | 2026-04 | $792,000 | 2,340 | 44.3% |
| 83 PERGOLA AVE | 2025-08 | $365,000 | 2,002 | 81.5% |
| 47 THOMAS ST | 2026-05 | $630,000 | 1,944 | 49.7% |
| 36 EVERGREEN TERRACE | 2025-04 | $805,000 | 2,248 | 46.5% |
| 1 SOUTH SHORE BLVD | 2026-06 | $556,500 | 2,002 | 55.5% |
| 39 EVERGREEN TERRACE | 2025-08 | $775,000 | 2,258 | 45.8% |
| 15 ROSEWOOD LANE | 2026-05 | $750,000 | 2,339 | 48.4% |
| 18 NORTH RHODA STREET | 2025-12 | $820,000 | 2,258 | 46.8% |
| 1 PINE STREET | 2025-05 | $710,000 | 2,254 | 59.5% |
| 17 FLORENCE DRIVE | 2025-05 | $755,000 | 2,308 | 51.6% |
| 120 RIVER STREET | 2025-03 | $750,000 | 2,238 | 64.7% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
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