The Fair Share Report
852 Ames Rd
Monroe, NJ 08094
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Monroe's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $251,736 – $290,440, from 12 comparable Monroe sales in the past 18 months, at this home's 1,160 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 $280,722 home should be assessed near $166,945.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,345 below what the ratio math suggests (4.4%).
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%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 1049 CLAYTON RD | 2025-05 | $385,000 | 1,176 | 46.5% |
| 2932 S SHORE DR | 2025-07 | $365,000 | 1,152 | 46.3% |
| 103 RAPHAEL CT | 2025-10 | $245,000 | 1,152 | 51.7% |
| 409 DEGAS CT | 2025-04 | $245,000 | 1,152 | 53.5% |
| 713 VAN GOGH CT | 2025-10 | $250,000 | 1,152 | 52.9% |
| 631 BARBADOS DR | 2026-04 | $322,000 | 1,219 | 44.1% |
| 659 BARBADOS DR | 2026-04 | $280,000 | 1,219 | 52.4% |
| 729 BARBADOS DR | 2026-02 | $295,000 | 1,219 | 48.1% |
| 701 BARBADOS DR | 2025-10 | $302,500 | 1,219 | 46.5% |
| 800 AMES RD | 2025-03 | $245,000 | 1,268 | 68.4% |
| 638 BARBADOS DR | 2025-08 | $299,900 | 1,219 | 47.3% |
| 748 BARBADOS DR | 2026-03 | $295,000 | 1,260 | 47.1% |
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