The Fair Share Report
116 Cherry Tree Ct
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 $280,893 – $431,892, 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 $360,769 home should be assessed near $216,606.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $31,006 below what the ratio math suggests (14.3%).
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 |
|---|---|---|---|---|
| 432 HEMLOCK LA | 2025-12 | $360,000 | 1,404 | 50.9% |
| 1130 HAINSPT-MT LAUREL RD | 2025-08 | $370,000 | 1,480 | 45.6% |
| 623 S CHURCH ST | 2025-05 | $275,000 | 1,381 | 63.9% |
| 159 WAVERLY AVE | 2026-03 | $270,000 | 1,402 | 78.1% |
| 313 MAPLE RD | 2025-08 | $400,000 | 1,330 | 55.5% |
| 206 UPPER PARK RD | 2025-07 | $407,000 | 1,606 | 53.0% |
| 19 OREGON AVE | 2025-04 | $397,500 | 1,328 | 41.0% |
| 608 ORCHARD CT | 2025-11 | $525,000 | 1,330 | 41.1% |
| 125 GLENBROOK DR | 2025-07 | $456,109 | 1,640 | 38.5% |
| 9A EAST DAISY LA | 2025-08 | $300,000 | 1,300 | 43.8% |
| 135 MEMORIAL LA | 2025-07 | $545,000 | 1,462 | 39.6% |
| 413 HICKORY LA | 2025-11 | $266,100 | 1,288 | 65.8% |
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