The Fair Share Report
425 E Malaga 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 $127,077 – $230,147, 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 $198,720 home should be assessed near $118,179.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,079 below what the ratio math suggests (9.4%).
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%90%
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 |
|---|---|---|---|---|
| 3781 LAKE AVE | 2025-08 | $112,500 | 688 | 61.4% |
| 3109 JACKSON RD | 2025-12 | $315,000 | 964 | 60.9% |
| 2003 LAKESIDE DR | 2025-06 | $294,900 | 740 | 47.3% |
| 209 HEWITT RD | 2025-07 | $305,000 | 768 | 46.3% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 519 SICKLERVILLE RD | 2025-03 | $180,000 | 625 | 51.7% |
| 4190 S BLACK HORSE PK | 2025-01 | $339,000 | 1,168 | 46.5% |
| 132 OAK ST | 2025-01 | $218,000 | 1,092 | 45.3% |
| 1241 CLAYTON RD | 2026-05 | $328,000 | 1,008 | 53.8% |
| 901 WILDWOOD AVE | 2025-05 | $310,000 | 1,039 | 53.3% |
| 142 LINDALE AVE | 2025-04 | $215,000 | 896 | 57.1% |
| 3519 SUNSET AVE | 2025-10 | $282,500 | 954 | 43.4% |
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