The Fair Share Report
7 Maxwell Rd
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 $713,323 – $832,512, 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 $775,642 home should be assessed near $417,838.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $60,462 above what the ratio math suggests (14.5%).
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%73%
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 |
|---|---|---|---|---|
| 151 COBBLESTONE BLVD. | 2025-01 | $789,900 | 2,770 | 52.0% |
| 230 DIAMOND SPRING DRIVE | 2026-06 | $840,000 | 2,770 | 48.6% |
| 147 COBBLESTONE BLVD. | 2026-02 | $796,000 | 2,770 | 51.5% |
| 42 COBBLESTONE BLVD. | 2025-02 | $789,900 | 2,770 | 52.0% |
| 1 ELMCREST DRIVE | 2025-08 | $935,019 | 2,644 | 53.3% |
| 17 AQUADUCT ROAD | 2025-10 | $735,000 | 2,770 | 55.5% |
| 2 JESTER COURT | 2025-11 | $780,000 | 2,770 | 52.7% |
| 83 TIMBER HILL DRIVE | 2025-04 | $750,000 | 2,770 | 54.4% |
| 17 NOTTINGHAM COURT | 2025-10 | $725,000 | 2,770 | 55.0% |
| 14 COBBLESTONE BLVD. | 2026-04 | $825,000 | 2,770 | 47.9% |
| 130 ORLEANS ROAD | 2026-05 | $710,000 | 2,726 | 49.7% |
| 66 MORGAN WAY | 2026-05 | $650,000 | 2,559 | 52.5% |
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