The Fair Share Report
781C Risley Rd
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 $334,941 – $394,332, 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 $362,994 home should be assessed near $195,545.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,945 below what the ratio math suggests (27.1%).
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%67%
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 |
|---|---|---|---|---|
| 20C DORCHESTER DRIVE | 2026-06 | $410,000 | 1,528 | 27.2% |
| 5D SCARBOROUGH RD | 2026-05 | $335,000 | 1,528 | 29.8% |
| 26D DANIEL WEBSTER AVE | 2026-01 | $345,000 | 1,528 | 27.6% |
| 3D BRISTOL COURT | 2025-08 | $385,000 | 1,528 | 27.2% |
| 3C HILLSBOROUGH DR | 2025-08 | $359,000 | 1,528 | 28.1% |
| 2C JOHN TYLER COURT | 2025-06 | $306,900 | 1,528 | 34.1% |
| 13C ETHAN ALLEN DRIVE | 2025-03 | $340,000 | 1,528 | 29.3% |
| 732A RALSTON PLAZA | 2026-04 | $405,000 | 1,604 | 33.2% |
| 796D SPARTA ROAD | 2025-07 | $349,900 | 1,604 | 34.9% |
| 723A DELAIR ROAD | 2025-05 | $530,000 | 1,612 | 26.6% |
| 10C GLASTONBURY DR | 2026-02 | $380,000 | 1,578 | 34.2% |
| 15C DOLLEY MADISON DRIVE | 2025-06 | $335,000 | 1,528 | 26.7% |
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