The Fair Share Report
8 Jester 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 $711,812 – $844,195, 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 $748,798 home should be assessed near $403,377.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $3,477 below what the ratio math suggests (0.9%).
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%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 |
|---|---|---|---|---|
| 23 KESWICK CIRCLE | 2025-06 | $1,225,000 | 2,870 | 53.4% |
| 144 TIMBER HILL DRIVE | 2026-05 | $790,000 | 3,064 | 50.8% |
| 11 PATIO COURT | 2025-06 | $799,999 | 2,642 | 64.9% |
| 1 BALLYBUNION DRIVE | 2025-06 | $925,000 | 3,140 | 54.4% |
| 66 MORGAN WAY | 2026-05 | $650,000 | 2,559 | 52.5% |
| 2 JESTER COURT | 2025-11 | $780,000 | 2,770 | 52.7% |
| 83 TIMBER HILL DRIVE | 2025-04 | $750,000 | 2,770 | 54.4% |
| 17 AQUADUCT ROAD | 2025-10 | $735,000 | 2,770 | 55.5% |
| 17 NOTTINGHAM COURT | 2025-10 | $725,000 | 2,770 | 55.0% |
| 1 WESTBORO LANE | 2026-01 | $540,000 | 2,886 | 53.6% |
| 221 VALENCIA DRIVE | 2025-11 | $650,000 | 2,558 | 54.7% |
| 14 COBBLESTONE BLVD. | 2026-04 | $825,000 | 2,770 | 47.9% |
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