The Fair Share Report
5 Ave E
Monroe, NJ 08831
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 $439,354 – $635,238, 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 $561,511 home should be assessed near $302,486.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $26,514 above what the ratio math suggests (8.8%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%80%
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 |
|---|---|---|---|---|
| 11 DREXEL TERRACE | 2025-08 | $629,900 | 1,852 | 49.9% |
| 1 SOUTH RHODA STREET | 2026-01 | $675,000 | 1,882 | 47.9% |
| 64 FOREST PARK TERR | 2025-03 | $590,000 | 1,868 | 54.6% |
| 41 MORTON AVE | 2025-03 | $525,000 | 1,560 | 52.5% |
| 13 JOHN HANCOCK DR. | 2025-11 | $540,000 | 1,752 | 32.7% |
| 18 KINGSTON COURT | 2026-01 | $440,000 | 1,833 | 47.3% |
| 60 EDDINGTON LANE | 2025-11 | $825,000 | 2,009 | 56.7% |
| 47 THOMAS ST | 2026-05 | $630,000 | 1,944 | 49.7% |
| 264A GLEN ROAD | 2026-04 | $549,900 | 1,853 | 24.7% |
| 329B QUINTON DRIVE | 2025-07 | $560,000 | 1,853 | 23.3% |
| 1 SOUTH SHORE BLVD | 2026-06 | $556,500 | 2,002 | 55.5% |
| 681B YARBOROUGH WAY | 2025-03 | $415,000 | 1,848 | 32.1% |
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