The Fair Share Report
412 Ridge Dr
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 $265,294 – $325,714, 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 $315,467 home should be assessed near $187,608.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,608 below what the ratio math suggests (33.9%).
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%
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 |
|---|---|---|---|---|
| 633 GREENBRIAR DR | 2025-12 | $270,000 | 1,171 | 55.4% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 1137 S BEECHAM RD | 2025-12 | $340,000 | 1,256 | 48.6% |
| 930 BIRCH LN | 2025-12 | $325,000 | 1,186 | 56.7% |
| 2932 S SHORE DR | 2025-07 | $365,000 | 1,152 | 46.3% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
| 654 GLASSBORO RD | 2025-08 | $325,000 | 1,320 | 46.5% |
| 181 PRINCETON PL | 2025-08 | $300,000 | 1,129 | 50.3% |
| 413 RIDGE DR | 2025-07 | $320,000 | 1,467 | 44.8% |
| 548 BERKSHIRE RD | 2025-03 | $331,000 | 1,080 | 40.3% |
| 120 KAREN DR | 2025-07 | $295,000 | 1,402 | 51.3% |
| 1452 FOURTEENTH AVE | 2026-03 | $220,000 | 1,184 | 54.2% |
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