The Fair Share Report
4605 Jackson Rd
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 $318,267 – $424,608, 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 $393,869 home should be assessed near $234,234.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,634 below what the ratio math suggests (16.1%).
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
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 |
|---|---|---|---|---|
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
| 630 GREENBRIAR DR | 2025-08 | $410,000 | 1,728 | 42.4% |
| 425 GLASGOW RD | 2025-10 | $492,000 | 1,828 | 48.4% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 1261 CLAYTON RD | 2026-06 | $395,000 | 1,657 | 53.0% |
| 817 THOREAU LN | 2025-03 | $310,000 | 1,806 | 45.6% |
| 699 W PINEY HOLLOW RD | 2025-11 | $406,500 | 1,649 | 42.9% |
| 2998 JACKSON RD | 2025-05 | $512,000 | 1,848 | 47.3% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 366 N TUCKAHOE RD | 2025-12 | $319,600 | 1,844 | 65.5% |
| 1309 GALLOWAY CT | 2025-12 | $442,500 | 1,900 | 56.6% |
| 1611 FOREST DR | 2025-05 | $350,000 | 1,732 | 45.5% |
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