The Fair Share Report
6 Ave E
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 $664,290 – $756,124, 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 $715,418 home should be assessed near $385,396.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $496 below what the ratio math suggests (0.1%).
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%67%
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 |
|---|---|---|---|---|
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 17 FLORENCE DRIVE | 2025-05 | $755,000 | 2,308 | 51.6% |
| 678B YARBOROUGH WAY SOUTH | 2025-12 | $455,000 | 2,096 | 34.0% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 120 RIVER STREET | 2025-03 | $750,000 | 2,238 | 64.7% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 1 PINE STREET | 2025-05 | $710,000 | 2,254 | 59.5% |
| 18 NORTH RHODA STREET | 2025-12 | $820,000 | 2,258 | 46.8% |
| 39 EVERGREEN TERRACE | 2025-08 | $775,000 | 2,258 | 45.8% |
| 730B MOUNT VERNON ROAD | 2025-02 | $425,000 | 2,040 | 34.4% |
| 87 FAIRWAY BLVD | 2026-01 | $695,000 | 2,062 | 56.5% |
Is this your house?
Run your own report →