The Fair Share Report
741 Devonshire Dr
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 $272,119 – $491,051, 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 $456,540 home should be assessed near $271,504.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $45,504 below what the ratio math suggests (16.8%).
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%89%
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 |
|---|---|---|---|---|
| 714 CHATSFORD RD | 2025-11 | $470,000 | 2,024 | 49.1% |
| 751 DEVONSHIRE DR | 2026-02 | $480,000 | 2,087 | 47.0% |
| 339 SCHOOLHOUSE RD | 2026-04 | $465,000 | 1,952 | 51.7% |
| 712 BRANDYWINE DR | 2025-09 | $310,000 | 2,054 | 48.3% |
| 505 MATISSE WAY | 2026-02 | $330,000 | 2,016 | 53.9% |
| 832 ROSETREE DR | 2026-05 | $470,000 | 1,920 | 47.5% |
| 607 SCARLETT CT | 2025-08 | $510,000 | 2,067 | 49.3% |
| 1176 TAMARIND PL | 2025-03 | $460,000 | 2,094 | 53.7% |
| 1418 SEVENTH AVE | 2025-01 | $275,000 | 1,920 | 62.1% |
| 208 BRANDYWINE DR | 2026-05 | $315,000 | 2,142 | 50.9% |
| 404 BRANDYWINE DR | 2025-08 | $315,000 | 2,142 | 48.7% |
| 1818 HESSIAN DR | 2025-04 | $460,000 | 1,896 | 53.4% |
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