The Fair Share Report
425 Longfellow 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 $419,794 – $512,105, from 12 comparable Monroe sales in the past 18 months, at this home's 2,036 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 $494,361 home should be assessed near $293,996.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,396 below what the ratio math suggests (34.1%).
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
32%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 |
|---|---|---|---|---|
| 769 DEBRA CT | 2025-03 | $340,000 | 2,068 | 57.6% |
| 1824 ARLINGTON DR | 2025-11 | $520,000 | 2,078 | 50.1% |
| 1418 SEVENTH AVE | 2025-01 | $275,000 | 1,920 | 62.1% |
| 435 SCHOOLHOUSE RD | 2025-12 | $534,900 | 2,092 | 46.2% |
| 458 RADIX RD | 2025-07 | $515,000 | 2,121 | 45.1% |
| 448 INVERNESS RD | 2025-07 | $437,500 | 2,124 | 51.3% |
| 190 DUNDEE DR | 2025-05 | $485,000 | 1,876 | 48.6% |
| 1405 REDWOOD CT | 2025-04 | $420,000 | 2,037 | 47.0% |
| 1309 GALLOWAY CT | 2025-12 | $442,500 | 1,900 | 56.6% |
| 551 SCHOOLHOUSE RD | 2026-04 | $536,000 | 2,131 | 47.6% |
| 607 SCARLETT CT | 2025-08 | $510,000 | 2,067 | 49.3% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
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