The Fair Share Report
305 Thackeray Ln
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 $349,853 – $409,070, from 12 comparable Monroe sales in the past 18 months, at this home's 1,830 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 $384,300 home should be assessed near $228,543.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,243 below what the ratio math suggests (28.1%).
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
35%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
| 920 HAMPTON WAY | 2025-01 | $280,000 | 1,796 | 71.1% |
| 150 HILBERT ST | 2025-04 | $340,000 | 1,818 | 55.5% |
| 30 TOOL LN | 2026-02 | $345,000 | 1,844 | 51.6% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 630 GREENBRIAR DR | 2025-08 | $410,000 | 1,728 | 42.4% |
| 1713 RED OAK RD | 2025-07 | $410,000 | 1,877 | 51.1% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
| 956 N BEECHAM RD | 2025-09 | $349,900 | 1,683 | 52.1% |
| 1605 PIN OAK RD | 2026-01 | $399,000 | 1,900 | 43.5% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 101 PALMER CT | 2025-08 | $395,000 | 1,877 | 48.6% |
Is this your house?
Run your own report →