The Fair Share Report
4 Eighth Ave
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 $388,916 – $658,028, 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 $462,196 home should be assessed near $248,985.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $79,815 above what the ratio math suggests (32.1%).
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%90%
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 |
|---|---|---|---|---|
| 264A GLEN ROAD | 2026-04 | $549,900 | 1,853 | 24.7% |
| 329B QUINTON DRIVE | 2025-07 | $560,000 | 1,853 | 23.3% |
| 11 DREXEL TERRACE | 2025-08 | $629,900 | 1,852 | 49.9% |
| 1 SOUTH RHODA STREET | 2026-01 | $675,000 | 1,882 | 47.9% |
| 64 FOREST PARK TERR | 2025-03 | $590,000 | 1,868 | 54.6% |
| 349A JUTLAND DRIVE | 2025-12 | $450,000 | 1,808 | 30.7% |
| 340B QUINTON DRIVE | 2025-11 | $415,000 | 1,808 | 31.8% |
| 727B MOUNT VERNON ROAD | 2025-08 | $417,000 | 1,937 | 37.1% |
| 397A HYSTRIX PLAZA | 2026-01 | $220,000 | 1,808 | 60.0% |
| 368C METUCHEN DRIVE | 2025-07 | $320,000 | 1,911 | 34.9% |
| 546B SPRINGFIELD WAY | 2025-10 | $390,000 | 1,816 | 31.8% |
| 15 RIDGEWOOD AVENUE | 2025-01 | $500,000 | 2,038 | 62.7% |
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