The Fair Share Report
751 Saddlebrook Dr
Monroe, NJ 08094
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Monroe's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $552,083 – $654,405, 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 $609,916 home should be assessed near $362,717.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $21,617 below what the ratio math suggests (6.0%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1128 TAMARIND PL | 2025-07 | $620,000 | 2,945 | 47.2% |
| 549 MAIDSTONE DR | 2026-05 | $555,000 | 2,895 | 50.7% |
| 1778 CARRIAGE DR | 2025-04 | $525,000 | 2,916 | 58.5% |
| 748 DEVONSHIRE DR | 2025-01 | $575,000 | 3,015 | 52.0% |
| 1209 SASSAFRAS CT | 2025-07 | $605,000 | 3,000 | 51.0% |
| 240 BUCKHORN DR | 2025-12 | $495,000 | 3,012 | 66.6% |
| 13 CANDLEWOOD RD | 2025-06 | $700,000 | 3,096 | 43.5% |
| 304 DANVILLE DR | 2025-08 | $685,000 | 2,886 | 49.1% |
| 1400 ENDINGO AVE | 2025-08 | $635,000 | 2,882 | 52.5% |
| 211 RIPLEY CT | 2026-02 | $635,000 | 3,026 | 44.8% |
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
| 724 DAVINCI WAY | 2025-06 | $580,000 | 2,801 | 49.3% |
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