The Fair Share Report
49 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 $366,797 – $434,637, 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 $407,823 home should be assessed near $242,532.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,332 below what the ratio math suggests (24.9%).
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
36%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 |
|---|---|---|---|---|
| 255 WASHINGTON AVE | 2026-04 | $410,000 | 1,800 | 50.7% |
| 417 INVERNESS RD | 2025-02 | $400,000 | 1,828 | 50.4% |
| 1674 MILLS LN | 2025-03 | $425,000 | 1,841 | 58.2% |
| 1204 IRIS AVE | 2025-08 | $379,000 | 1,804 | 46.0% |
| 1318 STONEHENGE DR | 2025-05 | $502,000 | 1,844 | 49.1% |
| 1825 HESSIAN DR | 2025-10 | $469,900 | 1,896 | 51.2% |
| 3303 N SHORE DR | 2025-04 | $460,000 | 1,870 | 47.8% |
| 207 CHURCH ST | 2025-06 | $310,000 | 1,736 | 52.3% |
| 505 KIRKWALL DR | 2025-10 | $420,000 | 1,828 | 52.4% |
| 1500 BRIARWOOD DR | 2025-02 | $420,000 | 1,776 | 55.0% |
| 1101 LAFAYETTE ST | 2025-11 | $395,000 | 1,768 | 60.5% |
| 113 GLASSBORO RD | 2025-11 | $330,000 | 1,636 | 47.5% |
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