The Fair Share Report
83 Forge 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $223,751 – $272,156, 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 $255,140 home should be assessed near $137,444.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $10,444 below what the ratio math suggests (7.6%).
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 |
|---|---|---|---|---|
| 197B MAYFLOWER WAY | 2026-04 | $255,000 | 1,150 | 21.8% |
| 195B MAYFLOWER WAY | 2025-06 | $255,000 | 1,150 | 22.3% |
| 211B ROSSMOOR DR | 2025-06 | $279,000 | 1,150 | 23.9% |
| 279N MILFORD LANE | 2025-08 | $227,000 | 1,150 | 25.2% |
| 211C ROSSMOOR DR | 2025-06 | $235,000 | 1,177 | 33.1% |
| 137N PLYMOUTH LANE | 2026-05 | $229,000 | 1,150 | 22.1% |
| 317B STOWE LANE | 2026-05 | $245,000 | 1,150 | 24.6% |
| 160B PELHAM LANE | 2025-08 | $222,000 | 1,150 | 24.1% |
| 156N PELHAM LANE | 2025-08 | $185,000 | 1,150 | 27.3% |
| 261C MIDDLEBURY LANE | 2025-05 | $260,000 | 1,177 | 30.1% |
| 269C OLD NASSAU RD | 2025-01 | $275,000 | 1,177 | 30.1% |
| 374N NEW BEDFORD LANE | 2025-12 | $257,000 | 1,150 | 22.7% |
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