The Fair Share Report
782A 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 $344,840 – $405,000, from 12 comparable Monroe sales in the past 18 months, at this home's 1,604 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 $366,600 home should be assessed near $197,487.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $74,487 below what the ratio math suggests (37.7%).
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 |
|---|---|---|---|---|
| 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% |
| 801B POMPTON RD | 2026-03 | $383,900 | 1,612 | 30.2% |
| 531A ARDMORE ROAD | 2026-05 | $337,500 | 1,612 | 34.4% |
| 719B DELAIR ROAD | 2025-12 | $350,000 | 1,628 | 37.9% |
| 742A POMPTON RD | 2025-11 | $370,000 | 1,628 | 34.0% |
| 10C GLASTONBURY DR | 2026-02 | $380,000 | 1,578 | 34.2% |
| 474A FAIRTON DRIVE | 2025-07 | $415,000 | 1,628 | 31.1% |
| 459A DELAIR ROAD | 2025-02 | $440,000 | 1,628 | 28.6% |
| 10C ANDREW JOHNSON DRIVE | 2026-05 | $300,000 | 1,597 | 35.0% |
| 35C EDINBURGH DRIVE | 2026-03 | $365,000 | 1,597 | 28.1% |
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