The Fair Share Report
11 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 $300,328 – $388,047, 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 $343,649 home should be assessed near $206,327.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $32,627 below what the ratio math suggests (15.8%).
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
36%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 |
|---|---|---|---|---|
| 135 MEMORIAL LA | 2025-07 | $545,000 | 1,462 | 39.6% |
| 82 FARNWOOD RD | 2025-09 | $300,000 | 1,452 | 58.7% |
| 313 FOUNTAINHALL CT | 2025-11 | $317,000 | 1,488 | 48.6% |
| 329 GWYNEDD CT | 2025-10 | $317,000 | 1,488 | 48.6% |
| 125 CAMBER LA | 2025-02 | $360,000 | 1,488 | 45.7% |
| 101 CAMBER LA | 2026-02 | $350,000 | 1,488 | 45.9% |
| 378 INVERNESS CT | 2025-05 | $360,000 | 1,503 | 41.6% |
| 131 BANWELL LA | 2025-04 | $375,000 | 1,432 | 43.2% |
| 1202 AUGUSTA CIR | 2026-05 | $300,000 | 1,434 | 59.9% |
| 178 KETTLEBROOK DR | 2025-06 | $382,500 | 1,430 | 53.1% |
| 2720B SUSSEX CT | 2025-12 | $285,000 | 1,398 | 47.2% |
| 2504B SUSSEX CT | 2025-06 | $270,000 | 1,398 | 48.9% |
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