The Fair Share Report
71 Applegate Ave
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 $259,377 – $417,355, 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 $316,374 home should be assessed near $170,431.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,069 above what the ratio math suggests (3.6%).
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%
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 |
|---|---|---|---|---|
| 68 APPLEGATE AVENUE | 2025-06 | $542,000 | 1,280 | 42.1% |
| 27 MARRYOTT STREET | 2026-02 | $470,000 | 1,260 | 41.9% |
| 6 DIANA LANE | 2026-01 | $370,000 | 1,108 | 44.6% |
| 3C VILLAGE MALL | 2025-08 | $300,000 | 1,230 | 19.9% |
| 24 HARRIGAN AVE | 2025-11 | $475,000 | 1,234 | 47.8% |
| 142C PROVIDENCE WAY | 2026-05 | $320,000 | 1,177 | 33.6% |
| 145C PROVIDENCE WAY | 2026-02 | $275,000 | 1,177 | 30.0% |
| 176C ROSSMOOR DR | 2026-02 | $320,000 | 1,177 | 26.4% |
| 177C ROSSMOOR DR | 2025-07 | $260,000 | 1,177 | 29.9% |
| 175C PORTLAND LANE | 2025-04 | $308,000 | 1,177 | 26.4% |
| 8-O SUSSEX WAY | 2026-05 | $235,000 | 1,140 | 25.0% |
| 8N SUSSEX WAY | 2025-12 | $92,500 | 1,140 | 66.9% |
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