The Fair Share Report
6 Maxwell 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 $753,710 – $978,045, 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 $819,557 home should be assessed near $441,495.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,305 above what the ratio math suggests (13.4%).
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%72%
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 |
|---|---|---|---|---|
| 11 SHELLER DRIVE | 2025-03 | $1,145,000 | 2,928 | 46.6% |
| 17 AQUADUCT ROAD | 2025-10 | $735,000 | 2,770 | 55.5% |
| 151 COBBLESTONE BLVD. | 2025-01 | $789,900 | 2,770 | 52.0% |
| 20 WASHINGTON'S CROSSING | 2025-08 | $1,100,000 | 2,928 | 51.8% |
| 230 DIAMOND SPRING DRIVE | 2026-06 | $840,000 | 2,770 | 48.6% |
| 147 COBBLESTONE BLVD. | 2026-02 | $796,000 | 2,770 | 51.5% |
| 2 JESTER COURT | 2025-11 | $780,000 | 2,770 | 52.7% |
| 83 TIMBER HILL DRIVE | 2025-04 | $750,000 | 2,770 | 54.4% |
| 42 COBBLESTONE BLVD. | 2025-02 | $789,900 | 2,770 | 52.0% |
| 6 REGENCY COURT | 2025-10 | $950,000 | 2,854 | 51.6% |
| 53 MANDRAKE ROAD | 2025-08 | $735,000 | 3,049 | 55.4% |
| 17 NOTTINGHAM COURT | 2025-10 | $725,000 | 2,770 | 55.0% |
Is this your house?
Run your own report →