The Fair Share Report
500 Forest Ct
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 $301,765 – $379,868, 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 $342,523 home should be assessed near $203,698.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,198 below what the ratio math suggests (20.7%).
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
37%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 |
|---|---|---|---|---|
| 1125 ARBUTUS AVE | 2026-06 | $361,000 | 1,464 | 43.8% |
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 112 KAREN DR | 2026-05 | $420,000 | 1,438 | 42.8% |
| 413 RIDGE DR | 2025-07 | $320,000 | 1,467 | 44.8% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 120 KAREN DR | 2025-07 | $295,000 | 1,402 | 51.3% |
| 43 AVERY DR | 2025-10 | $295,000 | 1,539 | 57.5% |
| 1054 BRADFORD DR | 2025-11 | $375,000 | 1,497 | 47.0% |
| 545 BERKSHIRE RD | 2026-03 | $350,000 | 1,578 | 46.7% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 1159 VIOLET AVE | 2025-08 | $320,000 | 1,596 | 47.9% |
| 399 FRYERS LN | 2025-06 | $393,000 | 1,478 | 46.9% |
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