The Fair Share Report
39B Haddon Rd
Monroe, NJ 08831
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 $253,645 – $330,908, 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 $276,563 home should be assessed near $148,984.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,484 below what the ratio math suggests (25.2%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%67%
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 |
|---|---|---|---|---|
| 58B ESSEX ROAD | 2025-10 | $325,000 | 1,368 | 31.4% |
| 259B OLD NASSAU RD | 2026-04 | $275,000 | 1,374 | 25.4% |
| 267B MILFORD LANE | 2026-01 | $250,000 | 1,374 | 27.2% |
| 253A MYSTIC LANE | 2025-10 | $290,000 | 1,374 | 26.1% |
| 128B BALSAM PLAZA | 2025-09 | $360,000 | 1,372 | 28.1% |
| 217B MAYFLOWER WAY | 2026-05 | $279,000 | 1,374 | 24.1% |
| 303B SHARON WAY | 2026-05 | $305,000 | 1,374 | 27.3% |
| 298B SHARON WAY | 2025-08 | $260,000 | 1,374 | 27.6% |
| 228A MANCHESTER LANE | 2025-08 | $275,000 | 1,374 | 26.1% |
| 219A MANCHESTER LANE | 2025-02 | $240,000 | 1,374 | 28.3% |
| 367B OLD NASSAU ROAD | 2026-03 | $259,000 | 1,374 | 26.2% |
| 342O NARRAGANSETT LANE | 2025-07 | $237,000 | 1,374 | 23.0% |
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