The Fair Share Report
8 Tracker St
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.
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Step 1 · Market value
Likely range $760,917 – $900,650, from 12 comparable Monroe sales in the past 18 months, at this home's 2,970 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 $788,069 home should be assessed near $424,533.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $99,067 above what the ratio math suggests (23.3%).
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%74%
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 |
|---|---|---|---|---|
| 11 SHELLER DRIVE | 2025-03 | $1,145,000 | 2,928 | 46.6% |
| 130 COBBLESTONE BLVD. | 2025-10 | $775,000 | 3,064 | 51.9% |
| 53 MANDRAKE ROAD | 2025-08 | $735,000 | 3,049 | 55.4% |
| 20 WASHINGTON'S CROSSING | 2025-08 | $1,100,000 | 2,928 | 51.8% |
| 16 AQUADUCT ROAD | 2026-05 | $785,000 | 3,064 | 51.5% |
| 1 JESTER COURT | 2025-07 | $744,900 | 3,064 | 53.6% |
| 151 COBBLESTONE BLVD. | 2025-01 | $789,900 | 2,770 | 52.0% |
| 46 MANDRAKE ROAD | 2026-03 | $835,000 | 3,195 | 53.7% |
| 230 DIAMOND SPRING DRIVE | 2026-06 | $840,000 | 2,770 | 48.6% |
| 147 COBBLESTONE BLVD. | 2026-02 | $796,000 | 2,770 | 51.5% |
| 42 COBBLESTONE BLVD. | 2025-02 | $789,900 | 2,770 | 52.0% |
| 146 DIAMOND SPRING DRIVE | 2025-07 | $830,000 | 3,195 | 53.3% |
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