The Fair Share Report
8 Devon Ct
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 $477,789 – $753,890, 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 $647,541 home should be assessed near $348,830.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $100,670 above what the ratio math suggests (28.9%).
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%100%
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 |
|---|---|---|---|---|
| 33 LEEDS LANE | 2025-09 | $641,000 | 2,254 | 51.9% |
| 17 GORMLEY LANE | 2026-05 | $590,000 | 2,267 | 39.4% |
| 25 LEEDS LANE | 2026-06 | $650,000 | 2,254 | 47.8% |
| 32 INVERNESS CT | 2026-04 | $750,000 | 2,232 | 49.6% |
| 71 LEEDS LANE | 2026-01 | $535,000 | 2,433 | 58.9% |
| 5 FAIRMOUNT COURT | 2026-04 | $855,000 | 2,458 | 51.2% |
| 38 FAIRWAY BLVD | 2026-01 | $685,000 | 2,232 | 55.1% |
| 97 FAIRWAY BLVD | 2025-08 | $700,000 | 2,232 | 51.5% |
| 12 GLEN EAGLES WAY | 2025-07 | $760,000 | 2,340 | 51.2% |
| 670A WINDGATE COURT | 2025-03 | $485,000 | 2,292 | 51.7% |
| 109 LEEDS LANE | 2025-06 | $601,000 | 2,452 | 46.2% |
| 19 TORREY PINES DRIVE | 2026-01 | $795,000 | 2,340 | 49.6% |
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