The Fair Share Report
45 Walnut 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 $302,858 – $396,360, 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 $350,070 home should be assessed near $208,187.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $24,087 below what the ratio math suggests (11.6%).
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
39%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 |
|---|---|---|---|---|
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 630 GREENBRIAR DR | 2025-08 | $410,000 | 1,728 | 42.4% |
| 229 IRELAND TER | 2026-04 | $385,000 | 1,638 | 46.3% |
| 309 W COLLINGS DR | 2025-04 | $350,000 | 1,632 | 54.8% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 1611 FOREST DR | 2025-05 | $350,000 | 1,732 | 45.5% |
| 852 GLASSBORO RD | 2025-09 | $85,000 | 1,476 | 92.5% |
| 1741 LAKESIDE DR | 2025-10 | $405,000 | 1,801 | 50.7% |
| 1741 LAKESIDE DR | 2025-04 | $245,000 | 1,801 | 83.8% |
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
| 399 FRYERS LN | 2025-06 | $393,000 | 1,478 | 46.9% |
| 150 HILBERT ST | 2025-04 | $340,000 | 1,818 | 55.5% |
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