The Fair Share Report
621 Raspberry Ct
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.
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Step 1 · Market value
Likely range $570,649 – $638,732, 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 $611,850 home should be assessed near $363,867.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $53,367 below what the ratio math suggests (14.7%).
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 |
|---|---|---|---|---|
| 1521 E MALAGA RD | 2026-03 | $620,000 | 2,665 | 56.7% |
| 1521 E MALAGA RD | 2025-02 | $630,000 | 2,665 | 55.8% |
| 408 COLTS RUN RD | 2025-02 | $435,000 | 2,674 | 66.0% |
| 1241 WHISPERING WOODS DR | 2026-04 | $630,000 | 2,672 | 47.6% |
| 1225 WHISPERING WOODS DR | 2025-06 | $585,000 | 2,672 | 48.9% |
| 1544 WHISPERING WOODS DR | 2025-08 | $620,000 | 2,684 | 51.9% |
| 1303 HEIDELBERG DR | 2025-09 | $510,000 | 2,712 | 50.7% |
| 1632 WHISPERING WOODS DR | 2025-08 | $602,900 | 2,696 | 50.7% |
| 1500 CAREX CT | 2025-03 | $650,000 | 2,672 | 46.4% |
| 1739 BLUESTEM AVE | 2025-08 | $577,000 | 2,686 | 55.9% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1019 BONNIE BLUE CIR | 2026-05 | $650,000 | 2,712 | 44.5% |
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