The Fair Share Report
63 Applegate Ave
Monroe, NJ 08872
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 $575,629 – $774,247, 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 $705,370 home should be assessed near $379,983.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,717 above what the ratio math suggests (15.2%).
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%81%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 37 MUIRFIELD BLVD. | 2025-08 | $924,000 | 2,684 | 49.9% |
| 130 ORLEANS ROAD | 2026-05 | $710,000 | 2,726 | 49.7% |
| 31 CRENSHAW COURT | 2026-03 | $801,000 | 2,822 | 59.3% |
| 6 ELLIOT DRIVE | 2025-12 | $855,000 | 2,667 | 61.4% |
| 1 PHILLIP CT. | 2026-01 | $555,000 | 2,611 | 53.1% |
| 12 WINTONS WAY | 2025-12 | $612,000 | 2,619 | 45.2% |
| 14 HARBOR TOWN WAY | 2026-04 | $760,000 | 2,822 | 55.2% |
| 136 BIRMINGHAM LANE | 2026-01 | $555,000 | 2,576 | 42.5% |
| 38 BRIGHTON COURT | 2025-06 | $550,000 | 2,499 | 54.1% |
| 120 MURANO AVENUE | 2025-03 | $651,000 | 2,558 | 52.8% |
| 14 COBBLESTONE BLVD. | 2026-04 | $825,000 | 2,770 | 47.9% |
| 17 NOTTINGHAM COURT | 2025-10 | $725,000 | 2,770 | 55.0% |
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