The Fair Share Report
5 Pine St
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 $636,450 – $750,000, from 12 comparable Monroe sales in the past 18 months, at this home's 2,238 sq ft.
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 $704,960 home should be assessed near $379,762.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,838 above what the ratio math suggests (5.8%).
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%69%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 120 RIVER STREET | 2025-03 | $750,000 | 2,238 | 64.7% |
| 1 PINE STREET | 2025-05 | $710,000 | 2,254 | 59.5% |
| 18 NORTH RHODA STREET | 2025-12 | $820,000 | 2,258 | 46.8% |
| 17 FLORENCE DRIVE | 2025-05 | $755,000 | 2,308 | 51.6% |
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 36 EVERGREEN TERRACE | 2025-04 | $805,000 | 2,248 | 46.5% |
| 730B MOUNT VERNON ROAD | 2025-02 | $425,000 | 2,040 | 34.4% |
| 13 MCFADDEN DR | 2025-05 | $740,000 | 2,301 | 52.0% |
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
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