The Fair Share Report
38 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 $341,145 – $394,491, from 12 comparable Monroe sales in the past 18 months, at this home's 1,806 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 $362,192 home should be assessed near $215,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $27,796 below what the ratio math suggests (12.9%).
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 |
|---|---|---|---|---|
| 150 HILBERT ST | 2025-04 | $340,000 | 1,818 | 55.5% |
| 30 TOOL LN | 2026-02 | $345,000 | 1,844 | 51.6% |
| 101 PALMER CT | 2025-08 | $395,000 | 1,877 | 48.6% |
| 1611 FOREST DR | 2025-05 | $350,000 | 1,732 | 45.5% |
| 1054 WINSLOW RD | 2026-03 | $350,000 | 1,821 | 52.1% |
| 1629 RED OAK RD | 2026-06 | $390,000 | 1,747 | 45.1% |
| 1713 RED OAK RD | 2025-07 | $410,000 | 1,877 | 51.1% |
| 15 WRIGHT LOOP | 2026-05 | $320,000 | 1,764 | 54.1% |
| 1605 PIN OAK RD | 2026-01 | $399,000 | 1,900 | 43.5% |
| 1638 RED OAK RD | 2026-03 | $330,000 | 1,747 | 54.7% |
| 613 GREENBRIAR DR | 2025-07 | $365,000 | 1,820 | 48.2% |
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
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