The Fair Share Report
3 Devon 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 $729,426 – $864,944, from 12 comparable Monroe sales in the past 18 months, at this home's 3,131 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 $764,640 home should be assessed near $411,912.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,088 above what the ratio math suggests (10.5%).
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%68%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
| 267 TYLER COURT | 2025-08 | $760,000 | 3,112 | 49.3% |
| 209 BLACKBERRY WAY | 2026-05 | $760,000 | 3,112 | 49.1% |
| 38 TANIA COURT | 2025-04 | $760,000 | 3,112 | 50.1% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 14 MATANO COURT | 2025-05 | $905,000 | 3,276 | 63.0% |
| 42 TURNBERRY DRIVE | 2025-06 | $740,000 | 2,786 | 55.7% |
| 86 LEEDS LANE | 2026-04 | $550,000 | 2,619 | 48.7% |
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