The Fair Share Report
4 Deer Path
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 $398,855 – $465,559, from 12 comparable Monroe sales in the past 18 months, at this home's 1,949 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 $419,583 home should be assessed near $226,029.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $165,071 above what the ratio math suggests (73.0%).
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%104%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $4,523/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 730B MOUNT VERNON ROAD | 2025-02 | $425,000 | 2,040 | 34.4% |
| 43C WINTHROP RD | 2025-12 | $380,000 | 1,920 | 39.2% |
| 19A RUTLAND LANE | 2025-11 | $385,000 | 1,920 | 38.9% |
| 3F CHADWICK LANE | 2025-06 | $465,000 | 1,920 | 35.5% |
| 368C METUCHEN DRIVE | 2025-07 | $320,000 | 1,911 | 34.9% |
| 727B MOUNT VERNON ROAD | 2025-08 | $417,000 | 1,937 | 37.1% |
| 763A MARLTON RD | 2025-10 | $433,000 | 1,808 | 31.6% |
| 747A MARLTON ROAD | 2025-08 | $370,000 | 1,808 | 35.4% |
| 681B YARBOROUGH WAY | 2025-03 | $415,000 | 1,848 | 32.1% |
| 546B SPRINGFIELD WAY | 2025-10 | $390,000 | 1,816 | 31.8% |
| 69A WINTHROP RD | 2025-12 | $407,500 | 1,920 | 36.0% |
| 1F CHADWICK LANE | 2026-04 | $540,000 | 1,842 | 32.7% |
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