The Fair Share Report
927 E Malaga Rd
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 $342,956 – $426,149, 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 $394,369 home should be assessed near $234,531.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $29,031 below what the ratio math suggests (12.4%).
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%
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 |
|---|---|---|---|---|
| 1713 RED OAK RD | 2025-07 | $410,000 | 1,877 | 51.1% |
| 1605 PIN OAK RD | 2026-01 | $399,000 | 1,900 | 43.5% |
| 101 PALMER CT | 2025-08 | $395,000 | 1,877 | 48.6% |
| 30 TOOL LN | 2026-02 | $345,000 | 1,844 | 51.6% |
| 150 HILBERT ST | 2025-04 | $340,000 | 1,818 | 55.5% |
| 3303 N SHORE DR | 2025-04 | $460,000 | 1,870 | 47.8% |
| 1008 LONDON CIR | 2025-12 | $420,000 | 1,830 | 45.0% |
| 127 OXFORD PL | 2025-09 | $350,000 | 2,022 | 57.4% |
| 1611 FOREST DR | 2025-05 | $350,000 | 1,732 | 45.5% |
| 208 MIMOSA CT | 2025-07 | $435,000 | 1,946 | 50.0% |
| 630 GREENBRIAR DR | 2025-08 | $410,000 | 1,728 | 42.4% |
| 1001 BRADFORD DR | 2026-06 | $425,000 | 2,072 | 44.8% |
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