The Fair Share Report
311 E Pine St
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 $208,281 – $257,034, from 12 comparable Monroe sales in the past 18 months, at this home's 868 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 $231,838 home should be assessed near $137,874.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,126 above what the ratio math suggests (30.6%).
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
39%92%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (68.39%) — roughly $1,587/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 142 LINDALE AVE | 2025-04 | $215,000 | 896 | 57.1% |
| 1446 TWELFTH AVE | 2026-03 | $250,000 | 936 | 44.0% |
| 3519 SUNSET AVE | 2025-10 | $282,500 | 954 | 43.4% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 3781 LAKE AVE | 2025-08 | $112,500 | 688 | 61.4% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 926 SYCAMORE LN | 2025-09 | $240,000 | 1,008 | 56.7% |
| 1729 HERBERT BLVD | 2026-03 | $285,000 | 988 | 46.6% |
| 1438 VICTORY AVE | 2025-03 | $177,000 | 1,160 | 89.0% |
| 10 BATTLES RD | 2026-02 | $280,000 | 898 | 51.3% |
| 209 HEWITT RD | 2025-07 | $305,000 | 768 | 46.3% |
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