The Fair Share Report

2 Kyle 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.

Step 1 · Market value

≈ $1,116,330

Likely range $964,724 – $1,134,567, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 3,889 sq ft.

Step 2 · The Director's Ratio

60.04%

The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $1,116,330 home should be assessed near $670,245.

Step 3 · Assessed value

$531,300

Set at the last town-wide revaluation and mostly frozen since. That's $138,945 below what the ratio math suggests (20.7%).

Step 4 · The tax rate — same for every Mount Laurel home

$3.128 per $100 assessed

$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%

Step 5 · The bill

$17,857/yr
Public schools$12,032
Burlington County$2,827
Town of Mount Laurel$2,998
Mount Laurel average$7,506

This home vs. every recent Mount Laurel sale · assessed ÷ market

Town median 48.4%
This home · 47.6%

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)

AddressSoldPriceSq ftRatio
13 RICHLAND DR2025-06$1,075,0003,71355.6%
25 ROLLING GLEN CT2025-07$860,0003,80174.1%
4 FOXCROFT WAY2025-04$995,0003,67859.0%
13 LENAPE CT2025-07$1,400,0003,99042.6%
1 CRANBURY HILL CT2026-05$1,120,0003,87353.5%
31 STARBOARD WAY2025-06$953,0003,32048.8%
29 STARBOARD WAY2025-08$912,0003,32051.7%
125 STARBOARD WAY2025-08$930,0003,21651.3%
42 MEADOWRUE CT2025-11$765,0003,54244.1%
20 TARA DR2025-06$980,0003,50859.5%
20 TARA DR2025-02$607,0003,50896.1%
68 HILLSIDE LA2026-05$875,0002,86852.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →