The Fair Share Report
317 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 $300,644 – $382,008, 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 $337,394 home should be assessed near $200,648.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,848 below what the ratio math suggests (17.4%).
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
38%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 |
|---|---|---|---|---|
| 1419 VICTORY AVE | 2025-08 | $210,000 | 1,546 | 78.6% |
| 956 N BEECHAM RD | 2025-09 | $349,900 | 1,683 | 52.1% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 309 W COLLINGS DR | 2025-04 | $350,000 | 1,632 | 54.8% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 229 IRELAND TER | 2026-04 | $385,000 | 1,638 | 46.3% |
| 221 MARTINIQUE DR | 2026-06 | $313,900 | 1,576 | 48.3% |
| 321 TRINIDAD BLVD | 2025-06 | $320,000 | 1,576 | 47.8% |
| 630 GREENBRIAR DR | 2025-08 | $410,000 | 1,728 | 42.4% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 701 TRINIDAD BLVD | 2025-09 | $300,000 | 1,576 | 49.8% |
| 1780 FOREST DR | 2026-05 | $365,000 | 1,649 | 47.7% |
Is this your house?
Run your own report →