The Fair Share Report
202 Summit Rd
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 $873,657 – $1,158,909, 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 $1,046,173 home should be assessed near $628,122.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,522 below what the ratio math suggests (2.5%).
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%76%
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 |
|---|---|---|---|---|
| 13 LENAPE CT | 2025-07 | $1,400,000 | 3,990 | 42.6% |
| 71 BROADACRE DR | 2026-05 | $1,250,000 | 4,144 | 49.2% |
| 25 ROLLING GLEN CT | 2025-07 | $860,000 | 3,801 | 74.1% |
| 13 BYRON DR | 2025-09 | $900,000 | 3,508 | 59.1% |
| 13 RICHLAND DR | 2025-06 | $1,075,000 | 3,713 | 55.6% |
| 20 HORSESHOE DR | 2025-10 | $780,000 | 3,467 | 52.1% |
| 4 FOXCROFT WAY | 2025-04 | $995,000 | 3,678 | 59.0% |
| 118 MOUNTAINVIEW RD | 2025-08 | $825,000 | 3,585 | 72.5% |
| 8 TREFOIL TERR | 2025-12 | $1,031,000 | 3,534 | 58.2% |
| 1 CRANBURY HILL CT | 2026-05 | $1,120,000 | 3,873 | 53.5% |
| 1 RESERVE CT | 2025-08 | $865,000 | 3,480 | 57.2% |
| 20 TARA DR | 2025-06 | $980,000 | 3,508 | 59.5% |
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