The Fair Share Report
449 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 $352,349 – $418,105, 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 $390,372 home should be assessed near $232,154.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,454 below what the ratio math suggests (22.6%).
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
38%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 |
|---|---|---|---|---|
| 345 HUBER AVE | 2025-05 | $380,000 | 1,664 | 49.5% |
| 1121 LAFAYETTE ST | 2025-12 | $430,000 | 1,768 | 55.1% |
| 1101 LAFAYETTE ST | 2025-11 | $395,000 | 1,768 | 60.5% |
| 382 ST THOMAS BLVD | 2026-04 | $360,000 | 1,742 | 51.6% |
| 404 VIRGIN ISLAND DR | 2026-01 | $401,000 | 1,638 | 45.4% |
| 1500 BRIARWOOD DR | 2025-02 | $420,000 | 1,776 | 55.0% |
| 360 WALNUT ST | 2025-05 | $425,000 | 1,644 | 58.1% |
| 527 RIVIERA DR | 2025-07 | $400,000 | 1,784 | 48.0% |
| 310 BRYN MAWR DR | 2025-08 | $470,000 | 1,810 | 57.4% |
| 1674 MILLS LN | 2025-03 | $425,000 | 1,841 | 58.2% |
| 1105 LAFAYETTE ST | 2026-05 | $475,000 | 1,886 | 50.8% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
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