The Fair Share Report
46 Hall 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 $341,625 – $450,232, 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 $386,242 home should be assessed near $229,698.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,498 below what the ratio math suggests (19.8%).
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
35%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 |
|---|---|---|---|---|
| 207 CHURCH ST | 2025-06 | $310,000 | 1,736 | 52.3% |
| 109 POPLAR ST | 2026-02 | $330,000 | 1,496 | 51.8% |
| 109 POPLAR ST | 2025-01 | $245,000 | 1,496 | 69.7% |
| 20 MAPLE AVE | 2025-11 | $367,500 | 1,686 | 41.7% |
| 338 CLINTON AVE | 2025-02 | $343,000 | 1,464 | 49.6% |
| 613 GREENBRIAR DR | 2025-07 | $365,000 | 1,820 | 48.2% |
| 1054 WINSLOW RD | 2026-03 | $350,000 | 1,821 | 52.1% |
| 310 BRYN MAWR DR | 2025-08 | $470,000 | 1,810 | 57.4% |
| 205 QUEEN ANNE DR | 2025-04 | $475,000 | 1,828 | 48.8% |
| 47 AVERY DR | 2025-07 | $360,000 | 1,796 | 49.5% |
| 1121 LAFAYETTE ST | 2025-12 | $430,000 | 1,768 | 55.1% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
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