The Fair Share Report
733 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 $531,590 – $647,442, 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 $608,227 home should be assessed near $361,713.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,813 below what the ratio math suggests (1.9%).
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 |
|---|---|---|---|---|
| 748 DEVONSHIRE DR | 2025-01 | $575,000 | 3,015 | 52.0% |
| 13 CANDLEWOOD RD | 2025-06 | $700,000 | 3,096 | 43.5% |
| 240 BUCKHORN DR | 2025-12 | $495,000 | 3,012 | 66.6% |
| 211 RIPLEY CT | 2026-02 | $635,000 | 3,026 | 44.8% |
| 1209 SASSAFRAS CT | 2025-07 | $605,000 | 3,000 | 51.0% |
| 1128 TAMARIND PL | 2025-07 | $620,000 | 2,945 | 47.2% |
| 30 CANDLEWOOD RD | 2025-08 | $675,000 | 3,173 | 47.7% |
| 549 MAIDSTONE DR | 2026-05 | $555,000 | 2,895 | 50.7% |
| 1778 CARRIAGE DR | 2025-04 | $525,000 | 2,916 | 58.5% |
| 304 DANVILLE DR | 2025-08 | $685,000 | 2,886 | 49.1% |
| 1400 ENDINGO AVE | 2025-08 | $635,000 | 2,882 | 52.5% |
| 1121 TAMARIND PL | 2025-05 | $515,000 | 3,240 | 60.5% |
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