The Fair Share Report

39D Haddon Rd

Monroe, NJ 08512

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.

Step 1 · Market value

≈ $352,548

Likely range $323,104 – $375,178, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

53.87%

The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $352,548 home should be assessed near $189,918.

Step 3 · Assessed value

$89,900

Set at the last town-wide revaluation and mostly frozen since. That's $100,018 below what the ratio math suggests (52.7%).

Step 4 · The tax rate — same for every Monroe home

$2.740 per $100 assessed

$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%

Step 5 · The bill

$2,613/yr
Public schools$1,465
Middlesex County$580
Town of Monroe$569
Monroe average$9,247

This home vs. every recent Monroe sale · assessed ÷ market

Town median 45.0%
This home · 25.5%

19%67%

Keep quiet and enjoy it

This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
36C HADDON RD2025-11$375,0001,30433.1%
131C BALSAM PLAZA2025-08$295,0001,28830.6%
52A JUNIPER PLAZA2026-02$355,0001,30326.7%
110C CHATHAM DRIVE2026-05$347,0001,30429.4%
96C SALIX PLAZA2026-04$340,0001,30432.8%
139A CISTUS PLAZA2025-06$310,0001,30441.5%
45B CATALPA PLAZA2025-06$365,0001,30433.5%
50B JUNIPER PLAZA2025-06$360,0001,30433.1%
6A ASPEN PLAZA2025-12$359,0001,26639.5%
20 ELLINGHAM AVENUE2025-05$551,0031,29648.2%
268C MIDDLEBURY LANE2026-01$326,0001,26022.5%
240A MAYFLOWER WAY2025-12$253,0001,25630.0%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →