The Fair Share Report
448 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 $287,739 – $316,876, 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 $300,334 home should be assessed near $178,609.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,809 below what the ratio math suggests (30.1%).
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
34%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 |
|---|---|---|---|---|
| 1103 MEADOWS DR | 2026-04 | $305,000 | 1,238 | 45.3% |
| 128 KERRY LYNN CT | 2025-12 | $315,000 | 1,238 | 43.6% |
| 1103 MEADOWS DR | 2025-08 | $275,000 | 1,238 | 50.3% |
| 56 KERRY LYNN CT | 2025-02 | $289,900 | 1,238 | 43.0% |
| 638 BARBADOS DR | 2025-08 | $299,900 | 1,219 | 47.3% |
| 748 BARBADOS DR | 2026-03 | $295,000 | 1,260 | 47.1% |
| 729 TRINIDAD BLVD | 2025-09 | $345,000 | 1,318 | 45.9% |
| 729 BARBADOS DR | 2026-02 | $295,000 | 1,219 | 48.1% |
| 701 BARBADOS DR | 2025-10 | $302,500 | 1,219 | 46.5% |
| 631 BARBADOS DR | 2026-04 | $322,000 | 1,219 | 44.1% |
| 659 BARBADOS DR | 2026-04 | $280,000 | 1,219 | 52.4% |
| 649 PANAMA CT | 2026-02 | $320,000 | 1,318 | 52.6% |
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