The Fair Share Report
616 Raspberry Ln
Monroe, NJ 08094
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 $496,463 – $549,727, 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 $535,018 home should be assessed near $318,175.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,375 below what the ratio math suggests (19.3%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%74%
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 |
|---|---|---|---|---|
| 519 CAMPUS DR | 2026-01 | $530,000 | 2,214 | 49.3% |
| 600 JOSIE CT | 2025-04 | $480,000 | 2,214 | 48.3% |
| 708 CHERRY BLOSSOM RD | 2025-07 | $525,000 | 2,302 | 54.7% |
| 317 PICKWICK DR | 2025-05 | $540,000 | 2,276 | 53.6% |
| 1839 CORNUS CT | 2025-06 | $530,000 | 2,325 | 52.3% |
| 640 IRONWOOD DR | 2026-03 | $510,000 | 2,264 | 49.9% |
| 1702 BIDEN LN | 2025-03 | $510,000 | 2,290 | 48.3% |
| 551 SCHOOLHOUSE RD | 2026-04 | $536,000 | 2,131 | 47.6% |
| 458 RADIX RD | 2025-07 | $515,000 | 2,121 | 45.1% |
| 2307 SUNNYHILL AVE | 2025-10 | $468,000 | 2,408 | 61.7% |
| 1176 TAMARIND PL | 2025-03 | $460,000 | 2,094 | 53.7% |
| 501 STOCKTON DR | 2026-05 | $580,000 | 2,410 | 48.5% |
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