The Fair Share Report
761 Devonshire 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 $417,997 – $601,919, 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 $539,622 home should be assessed near $320,913.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,713 below what the ratio math suggests (9.9%).
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%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1430 CRANLEIGH LN | 2026-01 | $595,000 | 2,522 | 46.0% |
| 1104 EXPOSITION DR | 2025-04 | $328,000 | 2,506 | 62.9% |
| 1208 EXPOSITION DR | 2025-04 | $341,000 | 2,492 | 60.8% |
| 1303 HEIDELBERG DR | 2025-09 | $510,000 | 2,712 | 50.7% |
| 440 SCHOOLHOUSE RD | 2026-02 | $595,000 | 2,614 | 55.4% |
| 1018 WOODHILL CT | 2026-02 | $475,000 | 2,736 | 56.8% |
| 1669 BRACKEN DR | 2025-06 | $650,000 | 2,617 | 48.0% |
| 1501 EXPOSITION DR | 2025-05 | $329,900 | 2,492 | 62.0% |
| 960 BUTLER DR | 2026-04 | $468,500 | 2,653 | 58.4% |
| 1019 BONNIE BLUE CIR | 2026-05 | $650,000 | 2,712 | 44.5% |
| 1116 LAFAYETTE ST | 2025-07 | $500,000 | 2,489 | 53.3% |
| 1500 CAREX CT | 2025-03 | $650,000 | 2,672 | 46.4% |
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