The Fair Share Report
2 S 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 $389,041 – $542,580, from 12 comparable Moorestown 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 Moorestown assessments sit below market value — republished every October, applied town-wide. A $464,395 home should be assessed near $285,324.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $90,324 below what the ratio math suggests (31.7%).
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
30%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 |
|---|---|---|---|---|
| 8 WEST CLOSE | 2025-05 | $420,000 | 1,716 | 51.5% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 4 WEST CLOSE | 2025-12 | $275,000 | 1,404 | 69.0% |
| 633 E MAIN ST UNIT B7 | 2026-01 | $410,000 | 1,770 | 60.8% |
| 100 ERRICKSON AVE | 2025-10 | $428,875 | 1,911 | 41.5% |
| 635 E MAIN ST UNIT 14 | 2026-04 | $415,000 | 1,600 | 52.7% |
| 635 E MAIN ST UNIT 5 | 2025-05 | $429,250 | 1,600 | 52.1% |
| 601 STRATFORD | 2026-04 | $785,000 | 2,076 | 41.3% |
| 1 CIRCLE DR | 2025-09 | $785,000 | 2,127 | 49.3% |
| 248 S CHURCH ST | 2025-05 | $240,000 | 1,702 | 67.6% |
| 21 PALMER DR | 2025-10 | $550,000 | 1,996 | 60.3% |
| 244 GREGORY COURT | 2026-02 | $855,000 | 2,482 | 49.0% |
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