The Fair Share Report
437 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 $377,737 – $481,128, 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 $450,000 home should be assessed near $267,615.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,515 below what the ratio math suggests (26.0%).
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
36%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 |
|---|---|---|---|---|
| 310 COPPERFIELD DR | 2025-02 | $450,000 | 1,835 | 48.9% |
| 336 COPPERFIELD DR | 2026-06 | $365,000 | 1,818 | 60.7% |
| 332 COPPERFIELD DR | 2025-05 | $460,000 | 1,818 | 51.7% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
| 460 VIRGIN ISLAND DR | 2025-09 | $384,900 | 1,818 | 49.6% |
| 190 DUNDEE DR | 2025-05 | $485,000 | 1,876 | 48.6% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 363 BRYN MAWR DR | 2025-07 | $452,250 | 1,890 | 54.5% |
| 310 BRYN MAWR DR | 2025-08 | $470,000 | 1,810 | 57.4% |
| 1825 HESSIAN DR | 2025-10 | $469,900 | 1,896 | 51.2% |
| 998 HONEYSUCKLE RD | 2025-03 | $485,000 | 1,851 | 47.9% |
| 1674 MILLS LN | 2025-03 | $425,000 | 1,841 | 58.2% |
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