The Fair Share Report
11 Millstream 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 $658,960 – $859,282, 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 $787,257 home should be assessed near $472,669.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $56,569 below what the ratio math suggests (12.0%).
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
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 |
|---|---|---|---|---|
| 112 PREAKNESS DR | 2025-12 | $836,500 | 2,881 | 52.4% |
| 7 KIRKWOOD DR | 2026-03 | $875,000 | 3,010 | 56.0% |
| 172 WAVERLY AVE | 2025-10 | $315,000 | 2,924 | 98.8% |
| 4 LAVENDER LA | 2025-06 | $835,000 | 3,097 | 54.0% |
| 154 PREAKNESS DR | 2025-08 | $875,000 | 2,934 | 54.7% |
| 13 PERIWINKLE DR | 2025-08 | $770,000 | 3,097 | 54.4% |
| 15 HORSESHOE DR | 2025-09 | $700,000 | 3,032 | 60.3% |
| 27 HORSESHOE DR | 2025-07 | $685,000 | 3,032 | 63.6% |
| 9 JAZZ WAY | 2026-04 | $780,000 | 2,902 | 58.5% |
| 115 UNION MILL TERR | 2025-07 | $667,000 | 2,767 | 53.4% |
| 63 BROADACRE DR | 2025-09 | $805,000 | 2,862 | 59.4% |
| 45 PERIWINKLE DR | 2025-06 | $645,000 | 2,800 | 61.3% |
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