The Fair Share Report
98 Library St
Monroe, NJ 08081
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 $360,558 – $512,389, from 12 comparable Monroe sales in the past 18 months, at this home's 2,205 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 $442,458 home should be assessed near $263,130.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $145,030 below what the ratio math suggests (55.1%).
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
18%74%
Keep quiet and enjoy it
This home's assessment ratio sits below the Monroe pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 416 MADISON AVE | 2025-12 | $255,000 | 2,254 | 58.9% |
| 346 N MAIN ST | 2025-03 | $415,000 | 2,304 | 49.7% |
| 353 KETAL AVE | 2025-06 | $445,000 | 1,915 | 42.5% |
| 419 RADIX RD | 2026-04 | $384,595 | 2,352 | 65.9% |
| 959 S MAIN ST | 2025-12 | $425,000 | 2,118 | 35.0% |
| 101 JOANIE DR | 2025-09 | $323,000 | 2,202 | 73.3% |
| 338 RADIX RD | 2026-05 | $580,000 | 2,213 | 42.1% |
| 519 CAMPUS DR | 2026-01 | $530,000 | 2,214 | 49.3% |
| 600 JOSIE CT | 2025-04 | $480,000 | 2,214 | 48.3% |
| 207 CHURCH ST | 2025-06 | $310,000 | 1,736 | 52.3% |
| 215 KIPPEN DR | 2026-02 | $485,000 | 2,171 | 58.9% |
| 1424 CORKERY LN | 2025-11 | $545,000 | 2,167 | 56.2% |
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