The Fair Share Report
2 Devonshire 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 $575,047 – $709,757, 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 $645,215 home should be assessed near $387,387.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $43,587 below what the ratio math suggests (11.3%).
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 |
|---|---|---|---|---|
| 20 STRATFORD LA | 2025-05 | $560,000 | 2,532 | 53.7% |
| 200 LAUREL LA | 2026-03 | $643,000 | 2,444 | 50.6% |
| 12 VICTORIA CT | 2025-10 | $600,000 | 2,438 | 51.8% |
| 693 LINCOLN DR | 2025-08 | $680,000 | 2,442 | 42.5% |
| 4 MEADOWRUE DR | 2025-08 | $575,000 | 2,642 | 49.0% |
| 722 CORNWALLIS DR | 2025-06 | $630,000 | 2,443 | 45.8% |
| 731 LIBERTY RD | 2025-06 | $662,000 | 2,442 | 43.6% |
| 741 AMSTERDAM RD | 2025-04 | $553,000 | 2,442 | 52.1% |
| 517 PERRY DR | 2026-04 | $675,000 | 2,386 | 42.9% |
| 206 MEADOW DR | 2026-03 | $561,000 | 2,296 | 44.1% |
| 317 ST DAVID DR | 2026-01 | $572,000 | 2,452 | 50.3% |
| 520 PERRY DR | 2025-07 | $680,000 | 2,362 | 45.4% |
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