The Fair Share Report
3652 Castleton Dr
Monroe, NJ 08084
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 $250,000 – $615,000, from 12 comparable Monroe sales in the past 18 months.
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 $485,000 home should be assessed near $288,430.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $237,030 below what the ratio math suggests (82.2%).
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
3%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| POPLAR AVE | 2026-06 | $250,000 | 960 | 2.7% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 215 KIPPEN DR | 2026-02 | $485,000 | 2,171 | 58.9% |
| 504 CASTLEBAY DR | 2026-02 | $489,900 | 1,716 | 51.6% |
| 212 MONTROSE LN | 2026-04 | $499,000 | 2,051 | 55.6% |
| 2 PANMURE WAY | 2025-09 | $455,900 | 1,685 | 12.1% |
| 25 MATTHEWS ST | 2026-04 | $615,000 | 2,424 | 62.1% |
| 17 MATTHEWS ST | 2025-10 | $640,000 | 2,484 | 62.8% |
| 85 PRESLEY WAY | 2026-01 | $615,000 | 2,526 | 65.7% |
| 272 RUSHFOIL DR | 2025-10 | $455,000 | 1,984 | 52.1% |
| 617 VAN GOGH CT | 2025-01 | $250,000 | 1,303 | 58.4% |
| 249 SPRING BEAUTY DR | 2025-06 | $725,000 | 2,757 | 55.4% |
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