The Fair Share Report
301 Laurel Ave
Monroe, NJ 08094
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 $245,833 – $356,908, from 12 comparable Monroe sales in the past 18 months, at this home's 1,395 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 $326,602 home should be assessed near $194,230.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,730 below what the ratio math suggests (13.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%74%
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 |
|---|---|---|---|---|
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 1458 TWELFTH AVE | 2025-10 | $165,000 | 1,228 | 62.7% |
| 937 LOIS DR | 2025-04 | $387,000 | 1,492 | 39.0% |
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 1419 VICTORY AVE | 2025-08 | $210,000 | 1,546 | 78.6% |
| 961 LOIS DR | 2025-06 | $395,000 | 1,560 | 54.7% |
| 53 JOBS LN | 2026-04 | $295,000 | 1,674 | 58.3% |
| 916 WILLOW LN | 2025-04 | $202,000 | 1,248 | 68.4% |
| 434 N MAIN ST | 2025-06 | $310,000 | 1,521 | 49.8% |
| 620 CARIBBEAN WAY | 2025-09 | $297,770 | 1,408 | 46.0% |
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