The Fair Share Report
697 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 $286,364 – $322,762, 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 $293,533 home should be assessed near $174,564.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,464 below what the ratio math suggests (13.4%).
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 |
|---|---|---|---|---|
| 910 THOREAU LN | 2026-04 | $285,000 | 1,403 | 44.3% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
| 206 HOLIDAY CITY BLVD | 2025-09 | $258,000 | 1,408 | 54.3% |
| 620 CARIBBEAN WAY | 2025-09 | $297,770 | 1,408 | 46.0% |
| 444 LONGFELLOW DR | 2025-10 | $275,000 | 1,424 | 47.8% |
| 222 HOLIDAY CITY BLVD | 2025-10 | $299,999 | 1,450 | 54.4% |
| 501 TRINIDAD BLVD | 2026-04 | $305,000 | 1,342 | 48.4% |
| MAGNOLIA AVE | 2025-10 | $410,000 | 1,424 | 1.2% |
| 531 ST MARTIN CT | 2025-06 | $330,000 | 1,434 | 50.3% |
| 617 ST VINCENT CT | 2026-01 | $375,000 | 1,434 | 44.7% |
| 737 TRINIDAD BLVD | 2025-04 | $308,000 | 1,408 | 47.6% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
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