The Fair Share Report
77 Applegate Ave
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 $297,144 – $445,591, 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 $397,143 home should be assessed near $213,941.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,459 above what the ratio math suggests (11.0%).
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%85%
A touch high — worth watching
This home's ratio sits above most of Monroe, but doesn't clear NJ's legal appeal line (61.95%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 68 APPLEGATE AVENUE | 2025-06 | $542,000 | 1,280 | 42.1% |
| 287C SUNSET CIRCLE | 2025-04 | $337,000 | 1,568 | 33.6% |
| 152A CHATHAM DRIVE | 2025-09 | $422,500 | 1,586 | 36.0% |
| 97A SALIX PLAZA | 2025-10 | $388,000 | 1,538 | 30.6% |
| 165C BELMAR ROAD | 2025-08 | $277,500 | 1,588 | 40.0% |
| 46 THOMAS STREET | 2025-06 | $620,000 | 1,470 | 51.6% |
| 219N MANCHESTER LANE | 2025-11 | $257,500 | 1,486 | 21.3% |
| 42B CATALPA PLAZA | 2025-06 | $420,000 | 1,499 | 25.9% |
| 249B DOREMUS DRIVE | 2025-09 | $405,000 | 1,598 | 36.2% |
| 180A MIMOSA PLAZA | 2025-07 | $395,000 | 1,499 | 26.6% |
| 62C RHUS PLAZA | 2026-02 | $225,000 | 1,486 | 52.3% |
| 14A CANTERBURY DRIVE | 2025-09 | $315,000 | 1,589 | 44.5% |
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