The Fair Share Report

3375 Jackson Rd

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.

Step 1 · Market value

≈ $324,844

Likely range $245,043 – $346,412, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

59.47%

The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $324,844 home should be assessed near $193,185.

Step 3 · Assessed value

$147,300

Set at the last town-wide revaluation and mostly frozen since. That's $45,885 below what the ratio math suggests (23.8%).

Step 4 · The tax rate — same for every Monroe home

$3.768 per $100 assessed

$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%

Step 5 · The bill

$5,552/yr
Public schools$2,988
Gloucester County$1,023
Town of Monroe$1,541
Monroe average$7,870

This home vs. every recent Monroe sale · assessed ÷ market

Town median 50.9%
This home · 45.3%

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)

AddressSoldPriceSq ftRatio
53 WILLIAM AVE2025-07$349,0001,31545.9%
2675 FRIES MILL RD2026-06$349,9001,43544.6%
809 CRYSTAL DR2025-06$280,0001,13444.5%
4190 S BLACK HORSE PK2025-01$339,0001,16846.5%
901 WILDWOOD AVE2025-05$310,0001,03953.3%
1712 JANVIER RD2025-06$99,00049.6%
1241 CLAYTON RD2026-05$328,0001,00853.8%
1011 S BEECHAM RD2026-01$340,0001,27546.8%
446 PRINCE AVE2025-08$155,0001,03231.6%
132 OAK ST2025-01$218,0001,09245.3%
601 VAN GOGH CT2025-07$250,0001,28657.5%
1018 MICAWBER DR2026-04$315,0001,24853.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →