The Fair Share Report
3 Eric 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 $804,705 – $1,153,058, 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 $1,025,751 home should be assessed near $552,572.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,428 above what the ratio math suggests (5.0%).
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%78%
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 |
|---|---|---|---|---|
| 20 TALMADGE DRIVE | 2026-01 | $1,050,000 | 3,055 | 47.0% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 33 BRANDON AVENUE | 2025-04 | $1,150,000 | 3,013 | 58.0% |
| 5 SAMANTHA DRIVE | 2025-08 | $933,000 | 2,870 | 60.8% |
| 20 ROBIN LANE | 2025-01 | $1,200,000 | 3,111 | 54.7% |
| 5 ANNIE LANE | 2025-05 | $1,150,000 | 3,092 | 49.3% |
| 72 AVENUE K | 2025-11 | $1,040,000 | 3,172 | 53.7% |
| 20 SAMANTHA DRIVE | 2025-09 | $980,000 | 2,831 | 54.6% |
| 10 MAGNOLIA COURT | 2025-07 | $1,190,000 | 3,083 | 53.2% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
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