The Fair Share Report
32 Tracker St
Monroe, NJ 08831
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 $893,143 – $1,288,735, 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 $1,178,848 home should be assessed near $635,045.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,345 below what the ratio math suggests (4.6%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%73%
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 |
|---|---|---|---|---|
| 5 CONTINENTAL COURT | 2025-10 | $1,333,000 | 3,640 | 48.5% |
| 17 AMERICANA PLACE | 2025-02 | $1,315,000 | 3,680 | 49.0% |
| 21 SKEBA DRIVE | 2025-06 | $1,465,000 | 3,628 | 44.7% |
| 9 MEMORIAL COURT | 2025-07 | $920,000 | 3,371 | 54.9% |
| 5 ANTHEM STREET | 2025-08 | $822,000 | 3,218 | 58.6% |
| 3 MILLWOOD COURT | 2025-10 | $1,132,000 | 3,398 | 53.4% |
| 12 CHARLES PLACE | 2025-08 | $1,280,000 | 3,708 | 45.4% |
| 23 TROON COURT | 2026-03 | $1,160,000 | 3,508 | 45.7% |
| 144 TIMBER HILL DRIVE | 2026-05 | $790,000 | 3,064 | 50.8% |
| 2 HITCHING POST PLACE | 2026-03 | $1,360,000 | 3,633 | 49.6% |
| 1 BALLYBUNION DRIVE | 2025-06 | $925,000 | 3,140 | 54.4% |
| 14 MATANO COURT | 2025-05 | $905,000 | 3,276 | 63.0% |
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