The Fair Share Report
95 Helmetta Rd
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 $408,119 – $627,925, 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 $480,788 home should be assessed near $259,000.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,100 below what the ratio math suggests (1.6%).
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%68%
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 |
|---|---|---|---|---|
| 148 HELMETTA RD | 2026-04 | $435,000 | 1,620 | 58.1% |
| 280 FEDERAL ROAD | 2025-11 | $620,000 | 1,536 | 69.3% |
| 15 FEDERAL ROAD | 2025-09 | $520,000 | 1,330 | 34.5% |
| 185 HALF ACRE ROAD | 2025-02 | $595,000 | 1,825 | 52.7% |
| 113 GRAVEL HILL-SPTSWD RD | 2025-04 | $590,000 | 1,600 | 52.7% |
| 26 BENTLEY ROAD | 2025-11 | $535,000 | 1,616 | 56.3% |
| 448 SCHOOLHOUSE ROAD | 2025-07 | $645,000 | 1,560 | 51.6% |
| 152A CHATHAM DRIVE | 2025-09 | $422,500 | 1,586 | 36.0% |
| 165C BELMAR ROAD | 2025-08 | $277,500 | 1,588 | 40.0% |
| 330C QUINTON DRIVE | 2025-02 | $540,000 | 1,628 | 23.4% |
| 287C SUNSET CIRCLE | 2025-04 | $337,000 | 1,568 | 33.6% |
| 404B NEWPORT WAY | 2025-09 | $402,000 | 1,696 | 34.9% |
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