The Fair Share Report
90 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 $275,739 – $558,510, 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 $331,070 home should be assessed near $178,347.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $33,153 above what the ratio math suggests (18.6%).
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%82%
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 |
|---|---|---|---|---|
| 68 APPLEGATE AVENUE | 2025-06 | $542,000 | 1,280 | 42.1% |
| 27 MARRYOTT STREET | 2026-02 | $470,000 | 1,260 | 41.9% |
| 105 APPLEGATE AVENUE | 2026-03 | $565,000 | 1,392 | 48.6% |
| 17B CELTIS PLAZA | 2025-09 | $425,000 | 1,406 | 34.9% |
| 201A OLD NASSAU RD | 2025-02 | $349,900 | 1,436 | 26.3% |
| 46 THOMAS STREET | 2025-06 | $620,000 | 1,470 | 51.6% |
| 378C OLD NASSAU ROAD | 2025-09 | $329,900 | 1,410 | 24.9% |
| 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% |
| 231A MARBLEHEAD LA | 2025-03 | $350,000 | 1,446 | 23.1% |
| 239A MAYFLOWER WAY | 2025-12 | $325,000 | 1,448 | 33.0% |
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