The Fair Share Report
3948 Pine 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 $346,118 – $459,035, 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 $402,399 home should be assessed near $239,307.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $1,607 below what the ratio math suggests (0.7%).
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 |
|---|---|---|---|---|
| 750 E MALAGA RD | 2025-01 | $275,000 | 2,032 | 64.3% |
| 1528 E MALAGA RD | 2026-04 | $520,000 | 2,098 | 44.6% |
| 136 CORA AVE | 2025-12 | $380,000 | 1,934 | 49.8% |
| 1325 JANVIER RD | 2025-12 | $490,000 | 1,990 | 44.6% |
| 959 S MAIN ST | 2025-12 | $425,000 | 2,118 | 35.0% |
| 1157 NEW BROOKLYN RD | 2025-05 | $575,000 | 2,296 | 41.3% |
| 109 LINDALE AVE | 2026-01 | $399,500 | 1,846 | 50.1% |
| 1666 HOLLY PKWY | 2026-06 | $455,000 | 2,068 | 43.4% |
| 185 WARD LN | 2026-05 | $400,000 | 2,068 | 46.8% |
| 1601 WHITE OAK LN | 2026-02 | $360,000 | 2,068 | 52.0% |
| 185 WARD LN | 2026-01 | $250,000 | 2,068 | 74.8% |
| 280 IRELAND TER | 2025-12 | $345,000 | 2,068 | 53.4% |
Is this your house?
Run your own report →