The Fair Share Report
808 Rosetree Dr
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 $511,452 – $591,212, 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 $533,315 home should be assessed near $317,162.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $41,162 below what the ratio math suggests (13.0%).
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 |
|---|---|---|---|---|
| 1839 CORNUS CT | 2025-06 | $530,000 | 2,325 | 52.3% |
| 1702 BIDEN LN | 2025-03 | $510,000 | 2,290 | 48.3% |
| 1700 CURRANT CT | 2025-07 | $525,000 | 2,443 | 51.9% |
| 118 CONCORD DR | 2025-06 | $300,000 | 2,408 | 75.2% |
| 551 SCHOOLHOUSE RD | 2026-04 | $536,000 | 2,131 | 47.6% |
| 1714 BIDEN LN | 2025-10 | $645,000 | 2,594 | 45.6% |
| 1801 TEABERRY AVE | 2024-12 | $574,900 | 2,617 | 55.4% |
| 1632 WHISPERING WOODS DR | 2025-08 | $602,900 | 2,696 | 50.7% |
| 420 HUNTINGDON DR | 2025-08 | $515,000 | 2,328 | 53.2% |
| 420 HUNTINGDON DR | 2025-04 | $420,000 | 2,328 | 65.2% |
| 435 SCHOOLHOUSE RD | 2025-12 | $534,900 | 2,092 | 46.2% |
| 1621 WHISPERING WOODS DR | 2025-06 | $600,000 | 2,633 | 49.1% |
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