The Fair Share Report
550 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 $315,346 – $407,263, 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 $345,484 home should be assessed near $205,459.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $19,659 below what the ratio math suggests (9.6%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.634 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 360 WALNUT ST | 2025-05 | $425,000 | 1,644 | 58.1% |
| 408 BARBADOS DR | 2025-09 | $343,000 | 1,574 | 49.8% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 1836 FOREST DR | 2025-06 | $375,000 | 1,558 | 48.4% |
| 3010 S SHORE DR | 2025-11 | $621,000 | 1,542 | 37.6% |
| 345 HUBER AVE | 2025-05 | $380,000 | 1,664 | 49.5% |
| 221 MARTINIQUE DR | 2026-06 | $313,900 | 1,576 | 48.3% |
| 710 BORDEAUX CT | 2025-11 | $310,000 | 1,576 | 49.2% |
| 701 TRINIDAD BLVD | 2025-09 | $300,000 | 1,576 | 49.8% |
| 321 TRINIDAD BLVD | 2025-06 | $320,000 | 1,576 | 47.8% |
| 699 W PINEY HOLLOW RD | 2025-11 | $406,500 | 1,649 | 42.9% |
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