The Fair Share Report
522 Capri 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 $314,700 – $357,370, 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 $326,505 home should be assessed near $194,173.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,573 below what the ratio math suggests (16.3%).
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 |
|---|---|---|---|---|
| 634 BARBADOS DR | 2025-06 | $318,500 | 1,499 | 49.9% |
| 621 CAMPUS DR | 2025-06 | $475,000 | 1,484 | 47.8% |
| 721 VIRGIN ISLAND DR | 2025-11 | $290,000 | 1,464 | 54.7% |
| 722 VIRGIN ISLAND DR | 2026-03 | $312,000 | 1,464 | 49.5% |
| 552 DORAL DR | 2025-12 | $305,000 | 1,464 | 52.6% |
| 547 DORAL DR | 2025-11 | $325,000 | 1,464 | 50.1% |
| 908 THOREAU LN | 2025-01 | $310,000 | 1,511 | 45.4% |
| 563 DORAL DR | 2025-11 | $310,000 | 1,464 | 51.9% |
| 617 ST VINCENT CT | 2026-01 | $375,000 | 1,434 | 44.7% |
| 531 ST KITTS DR | 2025-09 | $319,000 | 1,464 | 49.7% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 1176 MEADOWS DR | 2025-06 | $325,000 | 1,512 | 49.2% |
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