The Fair Share Report
709 Welsh Ave
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 $437,004 – $627,736, 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 $539,414 home should be assessed near $320,790.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $22,190 below what the ratio math suggests (6.9%).
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 |
|---|---|---|---|---|
| 1669 BRACKEN DR | 2025-06 | $650,000 | 2,617 | 48.0% |
| 960 BUTLER DR | 2026-04 | $468,500 | 2,653 | 58.4% |
| 1019 BONNIE BLUE CIR | 2026-05 | $650,000 | 2,712 | 44.5% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 1303 HEIDELBERG DR | 2025-09 | $510,000 | 2,712 | 50.7% |
| 1500 CAREX CT | 2025-03 | $650,000 | 2,672 | 46.4% |
| 724 DAVINCI WAY | 2025-06 | $580,000 | 2,801 | 49.3% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
| 1116 LAFAYETTE ST | 2025-07 | $500,000 | 2,489 | 53.3% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
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