The Fair Share Report
402 Stockton Loop
Monroe, NJ 08094
The town catches up with market prices only once a year — and only based on the average change of all homes in the area. This report checks whether this house's assessment kept pace.
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This home's payments are about right
It sits inside Monroe's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $315,026 – $565,362, 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 $532,076 home should be assessed near $316,426.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,826 below what the ratio math suggests (14.2%).
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
39%92%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 501 STOCKTON DR | 2026-05 | $580,000 | 2,410 | 48.5% |
| 317 PICKWICK DR | 2025-05 | $540,000 | 2,276 | 53.6% |
| 1116 LAFAYETTE ST | 2025-07 | $500,000 | 2,489 | 53.3% |
| 640 IRONWOOD DR | 2026-03 | $510,000 | 2,264 | 49.9% |
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 1702 BIDEN LN | 2025-03 | $510,000 | 2,290 | 48.3% |
| 815 KRISTIN LN | 2025-03 | $600,000 | 2,384 | 56.6% |
| 708 CHERRY BLOSSOM RD | 2025-07 | $525,000 | 2,302 | 54.7% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
| 208 BRANDYWINE DR | 2026-05 | $315,000 | 2,142 | 50.9% |
| 404 BRANDYWINE DR | 2025-08 | $315,000 | 2,142 | 48.7% |
| 808 KRISTIN LN | 2025-06 | $625,000 | 2,326 | 51.9% |
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