The Fair Share Report
6 Devon Ct
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 $527,917 – $681,250, 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 $596,255 home should be assessed near $321,203.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $109,397 above what the ratio math suggests (34.1%).
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%87%
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 $2,997/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
| 741A NAUTILUS COURT | 2025-10 | $400,000 | 2,096 | 39.5% |
| 541 WATERSIDE BLVD. | 2025-09 | $549,999 | 2,131 | 38.9% |
| 532 WATERSIDE BLVD. | 2025-07 | $527,000 | 2,131 | 39.8% |
| 673 BLUEBIRD DRIVE | 2025-06 | $510,000 | 2,131 | 37.9% |
| 595 WATERSIDE BLVD. | 2025-05 | $585,000 | 2,131 | 35.4% |
| 17 GORMLEY LANE | 2026-05 | $590,000 | 2,267 | 39.4% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 741B NAUTILUS COURT | 2025-12 | $439,900 | 2,096 | 36.4% |
| 25 LEEDS LANE | 2026-06 | $650,000 | 2,254 | 47.8% |
| 14 GLEN EAGLES WAY | 2025-03 | $725,000 | 2,128 | 48.3% |
| 6 CYPRESS POINT LANE | 2025-06 | $630,000 | 2,043 | 55.4% |
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