The Fair Share Report
2 Watson Dr
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 $565,136 – $664,979, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 2,404 sq ft.
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 $642,643 home should be assessed near $385,843.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $84,643 below what the ratio math suggests (21.9%).
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 |
|---|---|---|---|---|
| 27 WOOD VIEW DR | 2025-08 | $660,000 | 2,386 | 62.2% |
| 14 WOOD VIEW DR | 2026-05 | $690,000 | 2,404 | 54.8% |
| 17 VASSAR RD | 2025-07 | $660,000 | 2,424 | 46.2% |
| 87 CHAPEL HILL RD | 2025-09 | $559,900 | 2,498 | 55.6% |
| 78 WATSON DR | 2026-03 | $598,000 | 2,237 | 57.2% |
| 12 WOOD VIEW DR | 2025-06 | $720,000 | 2,694 | 58.0% |
| 251 STARBOARD WAY | 2025-07 | $520,000 | 2,276 | 57.3% |
| 32 WATSON DR | 2025-05 | $650,000 | 2,765 | 53.5% |
| 50 WATSON DR | 2024-12 | $750,000 | 2,765 | 48.6% |
| 12 BARTON WAY | 2025-05 | $535,000 | 2,122 | 55.1% |
| 37 LONG BRIDGE DR | 2025-04 | $605,000 | 2,765 | 57.3% |
| 84 PEPPERGRASS DR SO | 2025-06 | $445,000 | 2,281 | 58.0% |
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