The Fair Share Report
360 Walnut 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 $337,287 – $429,916, from 12 comparable Monroe sales in the past 18 months, at this home's 1,644 sq ft.
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 $388,784 home should be assessed near $231,210.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,690 above what the ratio math suggests (6.8%).
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
39%79%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 3010 S SHORE DR | 2025-11 | $621,000 | 1,542 | 37.6% |
| 1500 BRIARWOOD DR | 2025-02 | $420,000 | 1,776 | 55.0% |
| 2538 SUNNYHILL AVE | 2025-10 | $360,000 | 1,460 | 52.8% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 621 CAMPUS DR | 2025-06 | $475,000 | 1,484 | 47.8% |
| 1101 LAFAYETTE ST | 2025-11 | $395,000 | 1,768 | 60.5% |
| 1850 YORK AVE | 2025-10 | $310,000 | 1,456 | 53.1% |
| 517A SICKLERVILLE RD | 2025-02 | $385,000 | 1,548 | 44.1% |
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