The Fair Share Report
375 E Malaga 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $366,976 – $520,923, 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 $449,409 home should be assessed near $267,264.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $17,136 above what the ratio math suggests (6.4%).
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%83%
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 |
|---|---|---|---|---|
| 1884 FOREST DR | 2025-09 | $270,000 | 2,308 | 76.6% |
| 1405 REDWOOD CT | 2025-04 | $420,000 | 2,037 | 47.0% |
| 934 HAMPTON WAY | 2025-09 | $390,000 | 2,040 | 47.4% |
| 425 LONGFELLOW DR | 2026-05 | $375,000 | 2,036 | 51.6% |
| 1702 BIDEN LN | 2025-03 | $510,000 | 2,290 | 48.3% |
| 551 SCHOOLHOUSE RD | 2026-04 | $536,000 | 2,131 | 47.6% |
| ALBERTUS DR (BACK) | 2026-02 | $410,000 | 2,265 | 50.3% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 435 SCHOOLHOUSE RD | 2025-12 | $534,900 | 2,092 | 46.2% |
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
| 1309 GALLOWAY CT | 2025-12 | $442,500 | 1,900 | 56.6% |
| 181 ABERDEEN CT | 2025-08 | $618,000 | 2,536 | 43.4% |
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