The Fair Share Report
40 Tool Ln
Monroe, NJ 08094
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 $284,189 – $358,288, 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 $336,995 home should be assessed near $200,411.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,211 below what the ratio math suggests (31.5%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
33%74%
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 |
|---|---|---|---|---|
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 120 KAREN DR | 2025-07 | $295,000 | 1,402 | 51.3% |
| 1125 ARBUTUS AVE | 2026-06 | $361,000 | 1,464 | 43.8% |
| 112 KAREN DR | 2026-05 | $420,000 | 1,438 | 42.8% |
| 654 GLASSBORO RD | 2025-08 | $325,000 | 1,320 | 46.5% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
| 910 THOREAU LN | 2026-04 | $285,000 | 1,403 | 44.3% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
| 413 RIDGE DR | 2025-07 | $320,000 | 1,467 | 44.8% |
| 108 RADIX RD | 2026-05 | $345,000 | 1,329 | 56.8% |
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