The Fair Share Report
808 E Malaga Rd
Monroe, NJ 08094
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 $296,258 – $367,845, 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 $342,757 home should be assessed near $203,838.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,938 below what the ratio math suggests (16.2%).
Step 4 · The tax rate — same for every Monroe home
$2.028 Schools · 54% $0.694 County · 18% $1.046 Town · 28%
Step 5 · The bill
This home vs. every recent Monroe sale · assessed ÷ market
39%74%
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 |
|---|---|---|---|---|
| 900 GREENWICH CT | 2025-12 | $325,900 | 1,392 | 53.2% |
| 971 N BEECHAM RD | 2026-04 | $350,000 | 1,368 | 49.0% |
| 215 PRINCETON PL | 2025-04 | $400,000 | 1,588 | 42.0% |
| 1322 CORKERY LN | 2025-03 | $230,000 | 1,328 | 72.1% |
| 309 W COLLINGS DR | 2025-04 | $350,000 | 1,632 | 54.8% |
| 229 IRELAND TER | 2026-04 | $385,000 | 1,638 | 46.3% |
| 517A SICKLERVILLE RD | 2025-02 | $385,000 | 1,548 | 44.1% |
| 610 WESTOVER CT | 2025-05 | $360,000 | 1,704 | 46.4% |
| 1011 S BEECHAM RD | 2026-01 | $340,000 | 1,275 | 46.8% |
| 1186 GLEN HAVEN CT | 2025-12 | $317,101 | 1,527 | 47.6% |
| 2415 WINSLOW RD | 2025-01 | $250,000 | 1,474 | 75.4% |
| 452 LONGFELLOW DR | 2025-03 | $294,900 | 1,424 | 44.7% |
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