The Fair Share Report
783B 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 $326,807 – $416,458, 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 $358,213 home should be assessed near $192,969.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $75,369 below what the ratio math suggests (39.1%).
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 |
|---|---|---|---|---|
| 780B ARDMORE ROAD | 2025-11 | $330,000 | 1,446 | 44.1% |
| 628A WINDSOR WAY | 2025-10 | $359,900 | 1,462 | 36.5% |
| 718A VICTORIA COURT | 2026-02 | $400,000 | 1,462 | 28.7% |
| 721A MOUNT VERNON ROAD | 2025-02 | $410,000 | 1,462 | 30.4% |
| 571A WESTPORT LANE | 2025-09 | $356,000 | 1,448 | 32.3% |
| 607A WINCHESTER LANE | 2025-01 | $320,000 | 1,448 | 35.9% |
| 655A YALE WAY | 2025-08 | $340,000 | 1,448 | 34.7% |
| 568A THORTON LANE | 2025-05 | $329,000 | 1,448 | 32.6% |
| 438B BELFORD ROAD | 2025-12 | $335,000 | 1,446 | 44.1% |
| 490A GRANDIN RD | 2025-05 | $467,000 | 1,446 | 32.5% |
| 437B BELFORD ROAD | 2025-07 | $290,000 | 1,490 | 31.8% |
| 680A YARBOROUGH WAY SOUTH | 2025-01 | $339,000 | 1,499 | 42.1% |
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