The Fair Share Report
693 Rio 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $280,449 – $324,820, 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 $311,817 home should be assessed near $185,438.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,138 below what the ratio math suggests (21.6%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
This home's own bill implies $3.597 per $100 — below the general rate, usually a deduction on the bill (senior, veteran, disabled).
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 |
|---|---|---|---|---|
| 910 THOREAU LN | 2026-04 | $285,000 | 1,403 | 44.3% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
| 501 TRINIDAD BLVD | 2026-04 | $305,000 | 1,342 | 48.4% |
| 619 BARBADOS DR | 2025-11 | $310,000 | 1,365 | 49.6% |
| 444 LONGFELLOW DR | 2025-10 | $275,000 | 1,424 | 47.8% |
| 712 MONACO WAY | 2025-10 | $300,000 | 1,318 | 50.4% |
| 618 MAUI DR | 2025-04 | $309,500 | 1,318 | 49.0% |
| 447 BARBADOS DR | 2025-08 | $393,000 | 1,434 | 43.6% |
| 722 VIRGIN ISLAND DR | 2026-03 | $312,000 | 1,464 | 49.5% |
| 138 KERRY LYNN CT | 2025-09 | $325,000 | 1,382 | 46.0% |
| 116 KERRY LYNN CT | 2025-07 | $310,000 | 1,382 | 45.8% |
| 617 ST VINCENT CT | 2026-01 | $375,000 | 1,434 | 44.7% |
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