The Fair Share Report
4 First 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 $658,640 – $935,970, from 12 comparable Monroe sales in the past 18 months, at this home's 2,592 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 $830,956 home should be assessed near $447,636.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $70,464 above what the ratio math suggests (15.7%).
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%84%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 675A YARBOROUGH WAY SOUTH | 2026-04 | $541,000 | 2,682 | 43.1% |
| 14 CHERYL LANE | 2025-11 | $921,000 | 2,539 | 57.1% |
| 4 JEANA COURT | 2026-04 | $925,000 | 2,589 | 58.5% |
| 136 BIRMINGHAM LANE | 2026-01 | $555,000 | 2,576 | 42.5% |
| 6 ELLIOT DRIVE | 2025-12 | $855,000 | 2,667 | 61.4% |
| 2 GUINEVERE ROAD | 2026-03 | $1,075,000 | 2,480 | 46.0% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 415 SPOTSWD-ENGTWN RD. | 2025-11 | $825,000 | 2,942 | 65.9% |
| 3 GUINEVERE ROAD | 2025-01 | $880,000 | 2,437 | 58.1% |
| 17 FLORENCE DRIVE | 2025-05 | $755,000 | 2,308 | 51.6% |
| 4 RACHAEL LANE | 2026-05 | $1,059,000 | 2,744 | 49.8% |
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