The Fair Share Report
11 E Close
Moorestown, NJ 08530
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Moorestown's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $325,220 – $384,488, from 12 comparable Moorestown sales in the past 18 months, at this home's 1,404 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Moorestown assessments sit below market value — republished every October, applied town-wide. A $364,163 home should be assessed near $223,742.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $23,542 below what the ratio math suggests (10.5%).
Step 4 · The tax rate — same for every Moorestown home
$1.871 Schools · 67% $0.489 County · 17% $0.453 Town · 16%
Step 5 · The bill
This home vs. every recent Moorestown sale · assessed ÷ market
35%76%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 WEST CLOSE | 2025-12 | $275,000 | 1,404 | 69.0% |
| 8 WEST CLOSE | 2025-05 | $420,000 | 1,716 | 51.5% |
| 602 WINDSOR PL | 2025-04 | $570,000 | 1,256 | 48.9% |
| 635 E MAIN ST UNIT 14 | 2026-04 | $415,000 | 1,600 | 52.7% |
| 635 E MAIN ST UNIT 5 | 2025-05 | $429,250 | 1,600 | 52.1% |
| 18 SOUTH CLOSE | 2025-10 | $320,000 | 1,236 | 49.8% |
| 633 E MAIN ST UNIT B7 | 2026-01 | $410,000 | 1,770 | 60.8% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 141 CHALKBOARD COURT | 2026-03 | $298,000 | 1,132 | 49.1% |
| 47 ERASER ROAD | 2025-10 | $310,000 | 1,132 | 47.2% |
| 150 CHALKBOARD COURT | 2025-05 | $325,000 | 1,132 | 52.3% |
| 55 ERASER ROAD | 2025-01 | $285,000 | 1,132 | 51.4% |
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