The Fair Share Report
16 E Close
Moorestown, NJ 08057
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 $317,011 – $354,305, from 12 comparable Moorestown sales in the past 18 months, at this home's 1,236 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 $321,875 home should be assessed near $197,760.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,960 below what the ratio math suggests (20.7%).
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%
Paying about right
This home's ratio lands inside Moorestown'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 |
|---|---|---|---|---|
| 18 SOUTH CLOSE | 2025-10 | $320,000 | 1,236 | 49.8% |
| 602 WINDSOR PL | 2025-04 | $570,000 | 1,256 | 48.9% |
| 4 WEST CLOSE | 2025-12 | $275,000 | 1,404 | 69.0% |
| 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% |
| 206 CRIDER AVE | 2026-02 | $287,500 | 1,104 | 48.0% |
| 149 CHALKBOARD COURT | 2026-03 | $277,000 | 1,080 | 50.6% |
| 33 ERASER ROAD | 2025-05 | $290,000 | 1,080 | 49.8% |
| 62 ERASER ROAD | 2026-02 | $320,000 | 1,064 | 52.8% |
| 44 ERASER ROAD | 2026-02 | $240,000 | 1,064 | 70.9% |
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