The Fair Share Report
310 Raphael Ct
Monroe, NJ 08062
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 $247,573 – $325,532, 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 $294,908 home should be assessed near $175,382.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,182 below what the ratio math suggests (20.6%).
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
37%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 |
|---|---|---|---|---|
| 902 VAN GOGH CT | 2025-08 | $245,000 | 1,298 | 57.2% |
| 916 VAN GOGH CT | 2025-04 | $250,000 | 1,298 | 56.1% |
| 580 DORAL DR | 2025-08 | $290,000 | 1,300 | 52.5% |
| 515 ST KITTS DR | 2026-05 | $325,000 | 1,369 | 49.1% |
| 500 KEY WEST DR | 2024-12 | $330,000 | 1,318 | 48.5% |
| 617 VAN GOGH CT | 2025-01 | $250,000 | 1,303 | 58.4% |
| 601 VAN GOGH CT | 2025-07 | $250,000 | 1,286 | 57.5% |
| 555 ST KITTS DR | 2025-05 | $320,000 | 1,318 | 47.8% |
| 800 AMES RD | 2025-03 | $245,000 | 1,268 | 68.4% |
| 618 MAUI DR | 2025-04 | $309,500 | 1,318 | 49.0% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 402 PARADISE RD | 2026-02 | $335,000 | 1,318 | 54.2% |
Is this your house?
Run your own report →