The Fair Share Report
429 Broad 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 $202,676 – $247,408, from 12 comparable Monroe sales in the past 18 months, at this home's 875 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 $233,707 home should be assessed near $138,986.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,214 above what the ratio math suggests (10.9%).
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
39%82%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 142 LINDALE AVE | 2025-04 | $215,000 | 896 | 57.1% |
| 1446 TWELFTH AVE | 2026-03 | $250,000 | 936 | 44.0% |
| 323 FLORENCE BLVD | 2026-03 | $275,000 | 1,008 | 48.0% |
| 3519 SUNSET AVE | 2025-10 | $282,500 | 954 | 43.4% |
| 10 BATTLES RD | 2026-02 | $280,000 | 898 | 51.3% |
| 1434 TENTH AVE | 2026-06 | $300,000 | 1,061 | 51.2% |
| 3781 LAKE AVE | 2025-08 | $112,500 | 688 | 61.4% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| POPLAR AVE | 2026-06 | $250,000 | 960 | 2.7% |
| 335 WALNUT ST | 2025-05 | $290,000 | 1,252 | 50.9% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| 1438 VICTORY AVE | 2025-03 | $177,000 | 1,160 | 89.0% |
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