The Fair Share Report
774 Allison 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 $341,766 – $553,131, from 12 comparable Monroe sales in the past 18 months, at this home's 2,120 sq ft.
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 $486,190 home should be assessed near $289,137.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,837 below what the ratio math suggests (2.7%).
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%88%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1406 EXPOSITION DR | 2026-01 | $325,000 | 2,016 | 55.5% |
| 209 SPRING BEAUTY DR | 2025-06 | $551,000 | 2,108 | 2.9% |
| 2406 EXPOSITION DR | 2025-12 | $357,500 | 2,138 | 61.4% |
| 772 KRISTIN LN | 2025-07 | $625,000 | 2,142 | 53.9% |
| 208 BRANDYWINE DR | 2026-05 | $315,000 | 2,142 | 50.9% |
| 404 BRANDYWINE DR | 2025-08 | $315,000 | 2,142 | 48.7% |
| 208 SPRING BEAUTY DR | 2025-04 | $550,000 | 2,108 | 57.8% |
| 272 RUSHFOIL DR | 2025-10 | $455,000 | 1,984 | 52.1% |
| 505 MATISSE WAY | 2026-02 | $330,000 | 2,016 | 53.9% |
| 712 BRANDYWINE DR | 2025-09 | $310,000 | 2,054 | 48.3% |
| 815 KRISTIN LN | 2025-03 | $600,000 | 2,384 | 56.6% |
| 714 CHATSFORD RD | 2025-11 | $470,000 | 2,024 | 49.1% |
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