The Fair Share Report
407 Stockton Loop
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 $476,150 – $609,361, from 12 comparable Monroe sales in the past 18 months, at this home's 2,532 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 $589,058 home should be assessed near $350,313.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $71,713 below what the ratio math suggests (20.5%).
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
39%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 |
|---|---|---|---|---|
| 1116 LAFAYETTE ST | 2025-07 | $500,000 | 2,489 | 53.3% |
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 501 STOCKTON DR | 2026-05 | $580,000 | 2,410 | 48.5% |
| 2307 SUNNYHILL AVE | 2025-10 | $468,000 | 2,408 | 61.7% |
| 1430 CORKERY LN | 2025-12 | $680,000 | 2,485 | 50.8% |
| 1055 HUNTINGDON DR | 2026-05 | $453,000 | 2,633 | 57.1% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1669 BRACKEN DR | 2025-06 | $650,000 | 2,617 | 48.0% |
| 408 COLTS RUN RD | 2025-02 | $435,000 | 2,674 | 66.0% |
| 960 BUTLER DR | 2026-04 | $468,500 | 2,653 | 58.4% |
| 1714 BIDEN LN | 2025-10 | $645,000 | 2,594 | 45.6% |
| 1521 E MALAGA RD | 2026-03 | $620,000 | 2,665 | 56.7% |
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