The Fair Share Report
22 Devonshire 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 $364,464 – $509,356, 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 $412,351 home should be assessed near $247,576.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $16,724 above what the ratio math suggests (6.8%).
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%78%
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 |
|---|---|---|---|---|
| 104 DOWNING CT | 2025-06 | $410,000 | 1,848 | 44.6% |
| 122 MALVERN CT | 2025-03 | $407,500 | 1,848 | 45.1% |
| 34 E OLEANDER DR | 2025-04 | $390,000 | 1,845 | 49.2% |
| 167 CALDERWOOD LA | 2025-04 | $410,000 | 1,944 | 50.8% |
| 27 GARDENIA DR | 2026-02 | $395,000 | 1,946 | 58.0% |
| 27 GARDENIA DR | 2026-01 | $297,000 | 1,946 | 77.2% |
| 6 W OLEANDER DR | 2025-09 | $515,000 | 1,936 | 44.1% |
| 18 SOUTHGATE RD | 2025-01 | $440,000 | 1,913 | 50.3% |
| 33 MEADOWRUE DR | 2025-11 | $286,666 | 1,768 | 80.8% |
| 20 OLEANDER CT | 2026-04 | $237,000 | 1,864 | 96.5% |
| 204 STRATTON CT | 2025-11 | $385,000 | 1,944 | 54.3% |
| 56 STRATFORD LA | 2025-09 | $430,000 | 1,817 | 56.4% |
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