The Fair Share Report
508 Campus Dr
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 $444,482 – $512,757, 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 $482,075 home should be assessed near $286,690.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $51,190 below what the ratio math suggests (17.9%).
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
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 |
|---|---|---|---|---|
| 435 SCHOOLHOUSE RD | 2025-12 | $534,900 | 2,092 | 46.2% |
| 551 SCHOOLHOUSE RD | 2026-04 | $536,000 | 2,131 | 47.6% |
| 425 LONGFELLOW DR | 2026-05 | $375,000 | 2,036 | 51.6% |
| 1176 TAMARIND PL | 2025-03 | $460,000 | 2,094 | 53.7% |
| 339 SCHOOLHOUSE RD | 2026-04 | $465,000 | 1,952 | 51.7% |
| 751 DEVONSHIRE DR | 2026-02 | $480,000 | 2,087 | 47.0% |
| 832 ROSETREE DR | 2026-05 | $470,000 | 1,920 | 47.5% |
| 519 CAMPUS DR | 2026-01 | $530,000 | 2,214 | 49.3% |
| 1418 SEVENTH AVE | 2025-01 | $275,000 | 1,920 | 62.1% |
| 600 JOSIE CT | 2025-04 | $480,000 | 2,214 | 48.3% |
| 363 BRYN MAWR DR | 2025-07 | $452,250 | 1,890 | 54.5% |
| 712 BRANDYWINE DR | 2025-09 | $310,000 | 2,054 | 48.3% |
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