The Fair Share Report
23 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 $344,764 – $409,154, 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 $374,773 home should be assessed near $225,014.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $6,486 above what the ratio math suggests (2.9%).
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%
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 |
|---|---|---|---|---|
| 125 SHARROW LA | 2026-05 | $380,000 | 1,672 | 47.6% |
| 111 STRATTON LA | 2026-02 | $415,000 | 1,690 | 45.7% |
| 3906B CHADBURY RD | 2025-07 | $372,273 | 1,647 | 45.4% |
| 74 POPPY CT | 2025-12 | $397,500 | 1,680 | 45.4% |
| 71 E PEACHTREE CT | 2025-01 | $355,000 | 1,680 | 50.4% |
| 3604B CHADBURY RD | 2026-04 | $377,400 | 1,633 | 44.5% |
| 323 GWYNEDD CT | 2025-04 | $380,000 | 1,728 | 43.8% |
| 1807 AUGUSTA CIR | 2025-05 | $295,000 | 1,594 | 64.1% |
| 158 CAMBER LA | 2025-05 | $393,000 | 1,580 | 46.7% |
| 210 MARTINS WAY | 2026-03 | $399,900 | 1,728 | 50.2% |
| 116 MAYFAIR LA | 2025-03 | $311,000 | 1,705 | 54.6% |
| 6206B NORMANDY DR | 2025-10 | $345,000 | 1,633 | 55.5% |
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