The Fair Share Report
41 Hall St
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 $270,714 – $349,884, from 12 comparable Monroe sales in the past 18 months, at this home's 1,516 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 $330,445 home should be assessed near $196,516.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $80,516 below what the ratio math suggests (41.0%).
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
28%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 109 POPLAR ST | 2026-02 | $330,000 | 1,496 | 51.8% |
| 109 POPLAR ST | 2025-01 | $245,000 | 1,496 | 69.7% |
| 338 CLINTON AVE | 2025-02 | $343,000 | 1,464 | 49.6% |
| 221 OAK ST | 2025-03 | $160,000 | 1,440 | 73.9% |
| 531 ST MARTIN CT | 2025-06 | $330,000 | 1,434 | 50.3% |
| 408 BARBADOS DR | 2025-09 | $343,000 | 1,574 | 49.8% |
| 20 MAPLE AVE | 2025-11 | $367,500 | 1,686 | 41.7% |
| 432 MADISON AVE | 2026-05 | $290,000 | 1,464 | 54.5% |
| 605 ST VINCENT CT | 2025-06 | $298,000 | 1,464 | 53.9% |
| 1419 VICTORY AVE | 2025-08 | $210,000 | 1,546 | 78.6% |
| 539 RIVIERA DR | 2026-05 | $357,500 | 1,549 | 48.1% |
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