The Fair Share Report
40 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 $469,374 – $727,120, 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 $675,816 home should be assessed near $364,062.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $5,362 below what the ratio math suggests (1.5%).
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%82%
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 |
|---|---|---|---|---|
| 38 EVERGREEN TERRACE | 2025-06 | $715,000 | 1,973 | 42.8% |
| 339 GRAVEL HILL ROAD | 2025-03 | $515,000 | 2,058 | 62.6% |
| 6 GRAVEL HILL-SPTSWD RD | 2025-01 | $740,000 | 1,922 | 43.9% |
| 15 RIDGEWOOD AVENUE | 2025-01 | $500,000 | 2,038 | 62.7% |
| 727B MOUNT VERNON ROAD | 2025-08 | $417,000 | 1,937 | 37.1% |
| 132 UNION VALLEY ROAD | 2025-05 | $699,899 | 1,931 | 46.0% |
| 64 FOREST PARK TERR | 2025-03 | $590,000 | 1,868 | 54.6% |
| 1 SOUTH SHORE BLVD | 2026-06 | $556,500 | 2,002 | 55.5% |
| 1 GARVEY DRIVE | 2026-06 | $750,000 | 2,129 | 46.8% |
| 11 DREXEL TERRACE | 2025-08 | $629,900 | 1,852 | 49.9% |
| 368C METUCHEN DRIVE | 2025-07 | $320,000 | 1,911 | 34.9% |
| 41 TENTH AVENUE | 2025-11 | $709,000 | 1,844 | 49.9% |
Is this your house?
Run your own report →