The Fair Share Report
3 Compton Ct
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 $602,099 – $925,991, 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 $730,878 home should be assessed near $393,724.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,976 above what the ratio math suggests (21.6%).
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%85%
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 |
|---|---|---|---|---|
| 18 TANGLEWOOD PLACE | 2026-06 | $1,115,000 | 2,652 | 49.5% |
| 86 LEEDS LANE | 2026-04 | $550,000 | 2,619 | 48.7% |
| 662 SPOTSWD-ENGTWN RD | 2025-01 | $845,000 | 2,688 | 64.2% |
| 6 ELLIOT DRIVE | 2025-12 | $855,000 | 2,667 | 61.4% |
| 4 JEANA COURT | 2026-04 | $925,000 | 2,589 | 58.5% |
| 675A YARBOROUGH WAY SOUTH | 2026-04 | $541,000 | 2,682 | 43.1% |
| 12 WINTONS WAY | 2025-12 | $612,000 | 2,619 | 45.2% |
| 3 CHRISTINA AVENUE | 2025-04 | $1,060,000 | 2,567 | 51.6% |
| 101 PERGOLA AVENUE | 2026-01 | $700,000 | 2,539 | 56.8% |
| 44 DAWSON LANE | 2026-04 | $660,000 | 2,620 | 45.9% |
| 1 DAWSON LANE | 2026-04 | $620,000 | 2,620 | 52.8% |
| 27 DAWSON LANE | 2025-06 | $629,900 | 2,620 | 50.5% |
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