The Fair Share Report
98 Black 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 $169,811 – $306,352, 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 $268,182 home should be assessed near $159,488.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $57,288 below what the ratio math suggests (35.9%).
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
28%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 |
|---|---|---|---|---|
| 1241 CLAYTON RD | 2026-05 | $328,000 | 1,008 | 53.8% |
| 901 WILDWOOD AVE | 2025-05 | $310,000 | 1,039 | 53.3% |
| 3109 JACKSON RD | 2025-12 | $315,000 | 964 | 60.9% |
| 446 PRINCE AVE | 2025-08 | $155,000 | 1,032 | 31.6% |
| 809 CRYSTAL DR | 2025-06 | $280,000 | 1,134 | 44.5% |
| 1510 N MAIN ST | 2025-09 | $320,000 | 936 | 55.7% |
| 1712 JANVIER RD | 2025-06 | $99,000 | — | 49.6% |
| 132 OAK ST | 2025-01 | $218,000 | 1,092 | 45.3% |
| 4190 S BLACK HORSE PK | 2025-01 | $339,000 | 1,168 | 46.5% |
| 4267 S BLACK HORSE PK | 2025-03 | $102,500 | 1,012 | 71.6% |
| 1607 VICTORY AVE | 2026-03 | $320,000 | 960 | 44.0% |
| 3781 LAKE AVE | 2025-08 | $112,500 | 688 | 61.4% |
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