The Fair Share Report
893 Hampton Way
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 $270,833 – $315,000, from 12 comparable Monroe sales in the past 18 months, at this home's 1,040 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 $278,829 home should be assessed near $165,820.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $18,120 below what the ratio math suggests (10.9%).
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 |
|---|---|---|---|---|
| 1035 S BEECHAM RD | 2025-07 | $315,000 | 1,040 | 48.8% |
| 1164 S BEECHAM RD | 2025-04 | $285,000 | 1,040 | 50.3% |
| 307 BROADLANE RD | 2025-12 | $285,000 | 1,080 | 51.6% |
| 548 BERKSHIRE RD | 2025-03 | $331,000 | 1,080 | 40.3% |
| 4074 S BLACK HORSE PK | 2025-08 | $175,000 | 1,081 | 100.6% |
| 926 SYCAMORE LN | 2025-09 | $240,000 | 1,008 | 56.7% |
| 1319 HERBERT BLVD | 2025-09 | $270,250 | 1,008 | 53.8% |
| 1437 NINTH AVE | 2025-10 | $315,000 | 1,038 | 44.7% |
| 135 OAK ST | 2025-12 | $265,000 | 1,008 | 54.8% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| POPLAR AVE | 2026-06 | $250,000 | 960 | 2.7% |
| 633 GREENBRIAR DR | 2025-12 | $270,000 | 1,171 | 55.4% |
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