The Fair Share Report
537 E Malaga Rd
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 $297,612 – $373,846, 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 $344,808 home should be assessed near $205,057.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,957 below what the ratio math suggests (5.8%).
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 |
|---|---|---|---|---|
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 309 W COLLINGS DR | 2025-04 | $350,000 | 1,632 | 54.8% |
| 229 IRELAND TER | 2026-04 | $385,000 | 1,638 | 46.3% |
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 53 JOBS LN | 2026-04 | $295,000 | 1,674 | 58.3% |
| 1611 FOREST DR | 2025-05 | $350,000 | 1,732 | 45.5% |
| 2675 FRIES MILL RD | 2026-06 | $349,900 | 1,435 | 44.6% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 53 WILLIAM AVE | 2025-07 | $349,000 | 1,315 | 45.9% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
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