The Fair Share Report
1 E Oleander Dr
Mt Laurel, NJ 08054
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 $317,433 – $415,279, from 12 comparable Mount Laurel 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 Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $363,789 home should be assessed near $218,419.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,819 below what the ratio math suggests (26.0%).
Step 4 · The tax rate — same for every Mount Laurel home
$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%
Step 5 · The bill
This home vs. every recent Mount Laurel sale · assessed ÷ market
33%75%
Paying about right
This home's ratio lands inside Mount Laurel'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 |
|---|---|---|---|---|
| 312B MITTEN LA | 2025-07 | $305,000 | 1,336 | 42.6% |
| 312B DELANCEY PL | 2025-06 | $280,000 | 1,336 | 46.0% |
| 56 EDDYSTONE WAY | 2025-11 | $405,000 | 1,331 | 42.3% |
| 122B ARDEN CT | 2025-05 | $335,000 | 1,336 | 44.8% |
| 14 MARIGOLD CT | 2025-08 | $440,000 | 1,320 | 43.8% |
| 9 SHEPPARDS LA | 2025-04 | $399,900 | 1,344 | 42.5% |
| 71 EDDYSTONE WAY | 2025-11 | $320,000 | 1,331 | 53.6% |
| 71 EDDYSTONE WAY | 2025-02 | $459,900 | 1,331 | 37.3% |
| 10 EDDYSTONE WAY | 2025-08 | $420,000 | 1,344 | 40.3% |
| 61 EDDYSTONE WAY | 2025-01 | $370,000 | 1,344 | 46.0% |
| 417 JAMESTOWN CT | 2025-07 | $368,000 | 1,333 | 42.7% |
| 418 JAMESTOWN CT | 2025-01 | $330,000 | 1,333 | 48.4% |
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