The Fair Share Report
620 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 $349,755 – $407,240, from 12 comparable Monroe sales in the past 18 months, at this home's 1,652 sq ft.
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 $390,676 home should be assessed near $232,335.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $2,565 above what the ratio math suggests (1.1%).
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%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (68.39%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 345 HUBER AVE | 2025-05 | $380,000 | 1,664 | 49.5% |
| 360 WALNUT ST | 2025-05 | $425,000 | 1,644 | 58.1% |
| 404 VIRGIN ISLAND DR | 2026-01 | $401,000 | 1,638 | 45.4% |
| 382 ST THOMAS BLVD | 2026-04 | $360,000 | 1,742 | 51.6% |
| 825 THOREAU LN | 2025-10 | $320,000 | 1,655 | 49.5% |
| 906 THOREAU LN | 2025-09 | $250,000 | 1,655 | 56.5% |
| 1836 FOREST DR | 2025-06 | $375,000 | 1,558 | 48.4% |
| 1500 BRIARWOOD DR | 2025-02 | $420,000 | 1,776 | 55.0% |
| 408 BARBADOS DR | 2025-09 | $343,000 | 1,574 | 49.8% |
| 1121 LAFAYETTE ST | 2025-12 | $430,000 | 1,768 | 55.1% |
| 1101 LAFAYETTE ST | 2025-11 | $395,000 | 1,768 | 60.5% |
| 3010 S SHORE DR | 2025-11 | $621,000 | 1,542 | 37.6% |
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