The Fair Share Report
3543 Castleton Dr
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 $528,807 – $632,267, 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 $583,851 home should be assessed near $347,216.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $68,916 below what the ratio math suggests (19.8%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $0.722 per $100 — well off the general rate. That usually means the town revalued since the last bill.
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%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 |
|---|---|---|---|---|
| 25 MATTHEWS ST | 2026-04 | $615,000 | 2,424 | 62.1% |
| 213 SPRING BEAUTY DR | 2026-01 | $575,000 | 2,424 | 58.5% |
| 17 MATTHEWS ST | 2025-10 | $640,000 | 2,484 | 62.8% |
| 815 KRISTIN LN | 2025-03 | $600,000 | 2,384 | 56.6% |
| 85 PRESLEY WAY | 2026-01 | $615,000 | 2,526 | 65.7% |
| 1501 EXPOSITION DR | 2025-05 | $329,900 | 2,492 | 62.0% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
| 249 SPRING BEAUTY DR | 2025-06 | $725,000 | 2,757 | 55.4% |
| 209 SPRING BEAUTY DR | 2025-06 | $551,000 | 2,108 | 2.9% |
| 501 STOCKTON DR | 2026-05 | $580,000 | 2,410 | 48.5% |
| 808 KRISTIN LN | 2025-06 | $625,000 | 2,326 | 51.9% |
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