The Fair Share Report
3 Walker 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 $1,230,401 – $1,392,962, from 12 comparable Monroe sales in the past 18 months, at this home's 3,704 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 $1,279,158 home should be assessed near $689,082.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,182 below what the ratio math suggests (6.6%).
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%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 |
|---|---|---|---|---|
| 8 DUCHESS DRIVE | 2025-12 | $1,250,000 | 3,763 | 50.7% |
| 45 DUCHESS DRIVE | 2025-03 | $1,361,000 | 3,635 | 48.9% |
| 5 BRIDLE COURT | 2025-08 | $1,379,000 | 3,644 | 52.5% |
| 10 VILLA FARMS CIRCLE | 2025-11 | $1,318,500 | 3,506 | 53.3% |
| 12 SUNNY COURT | 2025-07 | $1,120,000 | 3,614 | 57.3% |
| 36 IMPERIAL COURT | 2025-05 | $1,355,000 | 3,978 | 51.6% |
| 28 TALL OAKS DRIVE | 2025-02 | $1,190,000 | 3,420 | 50.4% |
| 21 SKEBA DRIVE | 2025-06 | $1,465,000 | 3,628 | 44.7% |
| 6 LEXINGTON COURT | 2025-07 | $1,328,888 | 3,848 | 57.1% |
| 487 SPOTSWD-GRVL HILL RD. | 2025-06 | $1,250,000 | 3,884 | 49.2% |
| 1 SADDLE COURT | 2025-09 | $1,035,000 | 3,889 | 61.9% |
| 31 MACFARLANE CIRCLE | 2026-03 | $1,285,000 | 3,295 | 51.1% |
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