The Fair Share Report
521 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 $347,466 – $409,411, from 12 comparable Monroe sales in the past 18 months, at this home's 1,996 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 $391,029 home should be assessed near $232,545.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,045 below what the ratio math suggests (9.0%).
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 |
|---|---|---|---|---|
| 545 GREENBRIAR DR | 2025-04 | $400,000 | 2,008 | 47.3% |
| 934 HAMPTON WAY | 2025-09 | $390,000 | 2,040 | 47.4% |
| 1405 REDWOOD CT | 2025-04 | $420,000 | 2,037 | 47.0% |
| 120 HEMLOCK DR | 2025-11 | $375,000 | 1,962 | 51.8% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 33 MIRACLE DR | 2025-07 | $455,000 | 1,968 | 45.6% |
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 1740 FOREST DR | 2026-05 | $409,000 | 2,037 | 46.4% |
| 185 WARD LN | 2026-05 | $400,000 | 2,068 | 46.8% |
| 185 WARD LN | 2026-01 | $250,000 | 2,068 | 74.8% |
| 280 IRELAND TER | 2025-12 | $345,000 | 2,068 | 53.4% |
| 613 GREENBRIAR DR | 2025-07 | $365,000 | 1,820 | 48.2% |
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