The Fair Share Report
56 Daniel Rd
Monroe, NJ 08831
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 $316,736 – $407,758, 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 $369,848 home should be assessed near $199,237.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $91,563 above what the ratio math suggests (46.0%).
Step 4 · The tax rate — same for every Monroe home
$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
22%97%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $2,509/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 97A SALIX PLAZA | 2025-10 | $388,000 | 1,538 | 30.6% |
| 219N MANCHESTER LANE | 2025-11 | $257,500 | 1,486 | 21.3% |
| 42B CATALPA PLAZA | 2025-06 | $420,000 | 1,499 | 25.9% |
| 287C SUNSET CIRCLE | 2025-04 | $337,000 | 1,568 | 33.6% |
| 180A MIMOSA PLAZA | 2025-07 | $395,000 | 1,499 | 26.6% |
| 62C RHUS PLAZA | 2026-02 | $225,000 | 1,486 | 52.3% |
| 169C LAUREL PLAZA | 2026-03 | $410,000 | 1,491 | 35.1% |
| 211A DOREMUS DRIVE | 2026-04 | $343,000 | 1,516 | 30.8% |
| 152A CHATHAM DRIVE | 2025-09 | $422,500 | 1,586 | 36.0% |
| 201A OLD NASSAU RD | 2025-02 | $349,900 | 1,436 | 26.3% |
| 239A MAYFLOWER WAY | 2025-12 | $325,000 | 1,448 | 33.0% |
| 231A MARBLEHEAD LA | 2025-03 | $350,000 | 1,446 | 23.1% |
Is this your house?
Run your own report →