The Fair Share Report
417 May Ave
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 $292,383 – $344,926, 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 $317,037 home should be assessed near $188,542.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $50,042 below what the ratio math suggests (26.5%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.588 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
35%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 |
|---|---|---|---|---|
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 1322 CORKERY LN | 2025-03 | $230,000 | 1,328 | 72.1% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
| 584 CLAYTON RD | 2025-11 | $165,000 | 1,188 | 75.9% |
| 1018 MICAWBER DR | 2026-04 | $315,000 | 1,248 | 53.6% |
| 1303 N TUCKAHOE RD | 2025-09 | $330,000 | 1,276 | 37.0% |
| 1712 JANVIER RD | 2025-06 | $99,000 | — | 49.6% |
| 4267 S BLACK HORSE PK | 2025-03 | $102,500 | 1,012 | 71.6% |
| 746 E MALAGA RD | 2025-11 | $253,350 | 1,083 | 56.2% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 2675 FRIES MILL RD | 2026-06 | $349,900 | 1,435 | 44.6% |
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