The Fair Share Report
440 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 $346,328 – $436,469, from 12 comparable Monroe sales in the past 18 months, at this home's 1,725 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 $407,939 home should be assessed near $242,601.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $104,201 below what the ratio math suggests (43.0%).
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
26%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 |
|---|---|---|---|---|
| 412 ABERDEEN RD | 2025-11 | $415,000 | 1,728 | 51.0% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
| 336 COPPERFIELD DR | 2026-06 | $365,000 | 1,818 | 60.7% |
| 332 COPPERFIELD DR | 2025-05 | $460,000 | 1,818 | 51.7% |
| 360 WALNUT ST | 2025-05 | $425,000 | 1,644 | 58.1% |
| 408 ABERDEEN RD | 2026-03 | $420,000 | 1,828 | 51.0% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
| 417 INVERNESS RD | 2025-02 | $400,000 | 1,828 | 50.4% |
| 382 ST THOMAS BLVD | 2026-04 | $360,000 | 1,742 | 51.6% |
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