The Fair Share Report
22 Iris Ct
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 $290,941 – $397,236, 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 $347,340 home should be assessed near $208,543.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $15,457 above what the ratio math suggests (7.4%).
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 |
|---|---|---|---|---|
| 45 VIBURNUM LA | 2025-05 | $380,000 | 1,622 | 44.0% |
| 13 TULIP CT | 2025-08 | $345,000 | 1,622 | 48.0% |
| 25 VIBURNUM LA | 2025-07 | $385,218 | 1,598 | 42.9% |
| 31 QUINCE CT | 2026-02 | $515,000 | 1,628 | 45.1% |
| 31 QUINCE CT | 2025-05 | $325,000 | 1,628 | 71.5% |
| 210 STRATTON CT | 2025-12 | $405,000 | 1,691 | 45.9% |
| 210 STRATTON CT | 2025-07 | $265,000 | 1,691 | 70.2% |
| 116 MAYFAIR LA | 2025-03 | $311,000 | 1,705 | 54.6% |
| 122 FARNWOOD RD | 2025-01 | $385,000 | 1,598 | 45.4% |
| 7 E OLEANDER DR | 2025-06 | $290,000 | 1,680 | 62.0% |
| 61 E OLEANDER DR | 2025-04 | $330,000 | 1,680 | 52.6% |
| 103 CALDERWOOD LA | 2025-04 | $390,000 | 1,672 | 46.3% |
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