The Fair Share Report
4 Ave E
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 $960,709 – $1,181,111, from 12 comparable Monroe sales in the past 18 months, at this home's 3,410 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 $1,042,812 home should be assessed near $561,763.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $106,263 below what the ratio math suggests (18.9%).
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 |
|---|---|---|---|---|
| 86 BERGEN MILLS ROAD | 2026-02 | $900,000 | 3,308 | 56.5% |
| 13 TANGLEWOOD PLACE | 2025-08 | $925,000 | 3,430 | 67.7% |
| 8 TALL MAPLE COURT | 2025-03 | $999,999 | 3,270 | 48.7% |
| 12 RED OAK COURT | 2025-04 | $1,175,000 | 3,324 | 49.5% |
| 10 ARLENE DRIVE | 2026-05 | $999,999 | 3,416 | 58.4% |
| 47 BAY HILL BLVD. | 2026-05 | $910,000 | 3,418 | 53.3% |
| 28 TALL OAKS DRIVE | 2025-02 | $1,190,000 | 3,420 | 50.4% |
| 5 MACFARLANE CIRCLE | 2025-03 | $1,075,001 | 3,336 | 65.2% |
| 35 NARROWS WAY | 2025-02 | $1,125,000 | 3,248 | 48.8% |
| 3 DEVON COURT | 2025-07 | $890,000 | 3,131 | 51.1% |
| 3 TURNBERRY DRIVE | 2025-07 | $930,000 | 3,301 | 52.5% |
| 31 MACFARLANE CIRCLE | 2026-03 | $1,285,000 | 3,295 | 51.1% |
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