The Fair Share Report
335 Chestnut 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 $184,980 – $287,370, 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 $257,902 home should be assessed near $153,374.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $64,674 below what the ratio math suggests (42.2%).
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
25%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 |
|---|---|---|---|---|
| POPLAR AVE | 2026-06 | $250,000 | 960 | 2.7% |
| 13-21 S MAIN ST | 2025-08 | $170,000 | 960 | 66.5% |
| 132 OAK ST | 2025-01 | $218,000 | 1,092 | 45.3% |
| 1729 HERBERT BLVD | 2026-03 | $285,000 | 988 | 46.6% |
| 3109 JACKSON RD | 2025-12 | $315,000 | 964 | 60.9% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| 1241 CLAYTON RD | 2026-05 | $328,000 | 1,008 | 53.8% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 135 OAK ST | 2025-12 | $265,000 | 1,008 | 54.8% |
| 926 SYCAMORE LN | 2025-09 | $240,000 | 1,008 | 56.7% |
| 1319 HERBERT BLVD | 2025-09 | $270,250 | 1,008 | 53.8% |
| 3519 SUNSET AVE | 2025-10 | $282,500 | 954 | 43.4% |
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