The Fair Share Report
71 Forge St
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 $349,379 – $472,675, 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 $381,506 home should be assessed near $205,517.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $87,783 above what the ratio math suggests (42.7%).
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%89%
Looks meaningfully over-assessed
Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (61.95%) — roughly $2,405/yr at stake. NJ appeals are generally due April 1.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 185 HALF ACRE ROAD | 2025-02 | $595,000 | 1,825 | 52.7% |
| 31 INGRAM DR | 2025-10 | $525,000 | 1,707 | 33.7% |
| 307B MODELE PLAZA | 2025-10 | $300,000 | 1,731 | 37.2% |
| 628B WINDSOR WAY | 2026-03 | $377,500 | 1,696 | 33.4% |
| 646B OLD NASSAU RD WEST | 2026-03 | $460,000 | 1,696 | 28.0% |
| 404B NEWPORT WAY | 2025-09 | $402,000 | 1,696 | 34.9% |
| 581B OLD NASSAU ROAD | 2025-09 | $375,000 | 1,696 | 33.3% |
| 539B OLD NASSAU RD | 2025-09 | $396,000 | 1,696 | 31.5% |
| 714B VICTORIA COURT | 2025-09 | $355,000 | 1,696 | 34.7% |
| 482B REVERE WAY | 2025-04 | $350,000 | 1,696 | 35.7% |
| 470B NEWPORT WAY | 2025-02 | $350,000 | 1,696 | 33.9% |
| 515B REVERE WAY | 2025-02 | $389,999 | 1,696 | 31.8% |
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