The Fair Share Report
206 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 $770,690 – $985,320, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 3,349 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 $885,874 home should be assessed near $531,879.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,621 above what the ratio math suggests (11.6%).
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%82%
A touch high — worth watching
This home's ratio sits above most of Mount Laurel, but doesn't clear NJ's legal appeal line (69.05%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 2 RESERVE CT | 2025-06 | $874,500 | 3,306 | 59.7% |
| 13 BYRON DR | 2025-09 | $900,000 | 3,508 | 59.1% |
| 20 HORSESHOE DR | 2025-10 | $780,000 | 3,467 | 52.1% |
| 1 RESERVE CT | 2025-08 | $865,000 | 3,480 | 57.2% |
| 20 TARA DR | 2025-06 | $980,000 | 3,508 | 59.5% |
| 20 TARA DR | 2025-02 | $607,000 | 3,508 | 96.1% |
| 8 TREFOIL TERR | 2025-12 | $1,031,000 | 3,534 | 58.2% |
| 154 PREAKNESS DR | 2025-08 | $875,000 | 2,934 | 54.7% |
| 4 LAVENDER LA | 2025-06 | $835,000 | 3,097 | 54.0% |
| 118 MOUNTAINVIEW RD | 2025-08 | $825,000 | 3,585 | 72.5% |
| 17 WINDING WAY | 2025-05 | $905,000 | 3,076 | 51.7% |
| 1 BROOKWOOD RD | 2025-09 | $1,125,000 | 3,492 | 49.1% |
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