The Fair Share Report

6 Robert 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.

Step 1 · Market value

≈ $939,674

Likely range $629,300 – $1,107,500, from 12 comparable Monroe sales in the past 18 months (home size estimated from assessor data — range widened).

Step 2 · The Director's Ratio

53.87%

The state's official measure of how far Monroe assessments sit below market value — republished every October, applied town-wide. A $939,674 home should be assessed near $506,202.

Step 3 · Assessed value

$525,500

Set at the last town-wide revaluation and mostly frozen since. That's $19,298 above what the ratio math suggests (3.8%).

Step 4 · The tax rate — same for every Monroe home

$2.740 per $100 assessed

$1.535 Schools · 56% $0.608 County · 22% $0.596 Town · 22%

Step 5 · The bill

$15,697/yr
Public schools$8,797
Middlesex County$3,484
Town of Monroe$3,416
Monroe average$9,247

This home vs. every recent Monroe sale · assessed ÷ market

Town median 45.0%
This home · 55.9%

22%89%

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)

AddressSoldPriceSq ftRatio
35 SPRUCE MEADOWS DRIVE2025-08$940,0002,88256.1%
4 SYCAMORE COURT2025-03$1,060,0002,81550.2%
1 WESTBORO LANE2026-01$540,0002,88653.6%
14 NICHOLAS AVENUE2026-02$1,315,0002,98445.2%
23 KESWICK CIRCLE2025-06$1,225,0002,87053.4%
2 GOLFVIEW COURT2026-05$860,0002,70161.5%
19 CHRISTINALYNN DRIVE2025-11$935,0002,63455.5%
4 ANGELINA COURT2025-06$1,180,0003,09854.4%
7 ANGELINA COURT2026-03$1,025,0003,10258.6%
19 STONEGATE DRIVE2025-08$999,9003,16858.1%
380 DAISY COURT2026-03$725,0003,11251.4%
226 SPRINGMEADOW WAY2025-01$620,0003,11257.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →