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.
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Step 1 · Market value
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
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
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
$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%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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 35 SPRUCE MEADOWS DRIVE | 2025-08 | $940,000 | 2,882 | 56.1% |
| 4 SYCAMORE COURT | 2025-03 | $1,060,000 | 2,815 | 50.2% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 14 NICHOLAS AVENUE | 2026-02 | $1,315,000 | 2,984 | 45.2% |
| 23 KESWICK CIRCLE | 2025-06 | $1,225,000 | 2,870 | 53.4% |
| 2 GOLFVIEW COURT | 2026-05 | $860,000 | 2,701 | 61.5% |
| 19 CHRISTINALYNN DRIVE | 2025-11 | $935,000 | 2,634 | 55.5% |
| 4 ANGELINA COURT | 2025-06 | $1,180,000 | 3,098 | 54.4% |
| 7 ANGELINA COURT | 2026-03 | $1,025,000 | 3,102 | 58.6% |
| 19 STONEGATE DRIVE | 2025-08 | $999,900 | 3,168 | 58.1% |
| 380 DAISY COURT | 2026-03 | $725,000 | 3,112 | 51.4% |
| 226 SPRINGMEADOW WAY | 2025-01 | $620,000 | 3,112 | 57.8% |
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