The Fair Share Report
403 Ames Rd
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 $319,102 – $474,621, 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 $384,456 home should be assessed near $228,636.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $9,064 above what the ratio math suggests (4.0%).
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%80%
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 |
|---|---|---|---|---|
| 416 MADISON AVE | 2025-12 | $255,000 | 2,254 | 58.9% |
| 1528 E MALAGA RD | 2026-04 | $520,000 | 2,098 | 44.6% |
| 505 MATISSE WAY | 2026-02 | $330,000 | 2,016 | 53.9% |
| 1406 EXPOSITION DR | 2026-01 | $325,000 | 2,016 | 55.5% |
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 714 CHATSFORD RD | 2025-11 | $470,000 | 2,024 | 49.1% |
| 425 LONGFELLOW DR | 2026-05 | $375,000 | 2,036 | 51.6% |
| 1405 REDWOOD CT | 2025-04 | $420,000 | 2,037 | 47.0% |
| 272 RUSHFOIL DR | 2025-10 | $455,000 | 1,984 | 52.1% |
| 934 HAMPTON WAY | 2025-09 | $390,000 | 2,040 | 47.4% |
| 712 BRANDYWINE DR | 2025-09 | $310,000 | 2,054 | 48.3% |
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
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