The Fair Share Report
369 S Main 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 $306,542 – $378,704, 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 $347,569 home should be assessed near $206,699.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $39,599 below what the ratio math suggests (19.2%).
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
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 |
|---|---|---|---|---|
| 20 MAPLE AVE | 2025-11 | $367,500 | 1,686 | 41.7% |
| 53 JOBS LN | 2026-04 | $295,000 | 1,674 | 58.3% |
| 109 LINDALE AVE | 2026-01 | $399,500 | 1,846 | 50.1% |
| 1176 MEADOWS DR | 2025-06 | $325,000 | 1,512 | 49.2% |
| 221 OAK ST | 2025-03 | $160,000 | 1,440 | 73.9% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 309 W COLLINGS DR | 2025-04 | $350,000 | 1,632 | 54.8% |
| 229 IRELAND TER | 2026-04 | $385,000 | 1,638 | 46.3% |
| 634 BARBADOS DR | 2025-06 | $318,500 | 1,499 | 49.9% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
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