The Fair Share Report
7 Ave E
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 $621,556 – $860,947, 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 $775,842 home should be assessed near $417,946.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $36,454 above what the ratio math suggests (8.7%).
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
22%79%
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 |
|---|---|---|---|---|
| 2 GUINEVERE ROAD | 2026-03 | $1,075,000 | 2,480 | 46.0% |
| 136 BIRMINGHAM LANE | 2026-01 | $555,000 | 2,576 | 42.5% |
| 675A YARBOROUGH WAY SOUTH | 2026-04 | $541,000 | 2,682 | 43.1% |
| 3 GUINEVERE ROAD | 2025-01 | $880,000 | 2,437 | 58.1% |
| 6 ELLIOT DRIVE | 2025-12 | $855,000 | 2,667 | 61.4% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 221 VALENCIA DRIVE | 2025-11 | $650,000 | 2,558 | 54.7% |
| 21 TANGLEWOOD PLACE | 2025-07 | $1,030,000 | 2,917 | 55.9% |
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
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