The Fair Share Report
68 Applegate Ave
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $323,539 – $384,202, from 12 comparable Monroe sales in the past 18 months, at this home's 1,280 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 $343,760 home should be assessed near $185,184.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $171,684 below what the ratio math suggests (92.7%).
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
0%67%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 131C BALSAM PLAZA | 2025-08 | $295,000 | 1,288 | 30.6% |
| 517B HAZEN ROAD | 2025-08 | $370,000 | 1,288 | 27.8% |
| 69C PICEA PLAZA | 2026-06 | $320,000 | 1,266 | 43.0% |
| 94A SALIX PLAZA | 2025-12 | $480,000 | 1,266 | 32.3% |
| 6A ASPEN PLAZA | 2025-12 | $359,000 | 1,266 | 39.5% |
| 109B HEMLOCK PLAZA | 2025-10 | $380,000 | 1,266 | 35.6% |
| 66B ESSEX ROAD | 2025-10 | $320,000 | 1,266 | 43.8% |
| 148B MACLURA PLAZA | 2025-09 | $325,000 | 1,266 | 39.6% |
| 106B HEMLOCK PLAZA | 2025-08 | $389,000 | 1,266 | 36.6% |
| 104B CHATHAM DRIVE | 2025-08 | $335,000 | 1,266 | 40.4% |
| 236A VERNON ROAD | 2025-07 | $340,000 | 1,266 | 41.6% |
| 601C MADISON DRIVE | 2025-06 | $300,000 | 1,266 | 46.0% |
Is this your house?
Run your own report →