The Fair Share Report
88 Applegate Ave
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 $234,310 – $580,943, 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 $504,690 home should be assessed near $271,877.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $59,877 below what the ratio math suggests (22.0%).
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%96%
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 |
|---|---|---|---|---|
| 35 NELSON AVENUE | 2026-04 | $500,000 | 1,248 | 55.9% |
| 20 ELLINGHAM AVENUE | 2025-05 | $551,003 | 1,296 | 48.2% |
| 27 MARRYOTT STREET | 2026-02 | $470,000 | 1,260 | 41.9% |
| 217B MAYFLOWER WAY | 2026-05 | $279,000 | 1,374 | 24.1% |
| 228A MANCHESTER LANE | 2025-08 | $275,000 | 1,374 | 26.1% |
| 219A MANCHESTER LANE | 2025-02 | $240,000 | 1,374 | 28.3% |
| 58B ESSEX ROAD | 2025-10 | $325,000 | 1,368 | 31.4% |
| 46 THOMAS STREET | 2025-06 | $620,000 | 1,470 | 51.6% |
| 108 APPLEGATE AVENUE | 2025-06 | $590,000 | 1,392 | 52.1% |
| 259B OLD NASSAU RD | 2026-04 | $275,000 | 1,374 | 25.4% |
| 267B MILFORD LANE | 2026-01 | $250,000 | 1,374 | 27.2% |
| 253A MYSTIC LANE | 2025-10 | $290,000 | 1,374 | 26.1% |
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