The Fair Share Report
23 Millstream Dr
Mt Laurel, NJ 08054
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Mount Laurel's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $452,016 – $629,717, 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 $582,663 home should be assessed near $349,831.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $44,231 below what the ratio math suggests (12.6%).
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%75%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 13 MARCY CT | 2025-12 | $610,000 | 2,032 | 48.8% |
| 8 CONOVER CT | 2025-08 | $606,000 | 2,120 | 53.6% |
| 11 CONOVER CT | 2025-01 | $607,000 | 2,120 | 49.6% |
| 6 RANCOCAS BLVD | 2025-07 | $668,250 | 2,130 | 36.7% |
| 175 PREAKNESS DR | 2025-10 | $625,000 | 1,933 | 47.0% |
| 20 FULTON DR | 2025-01 | $705,000 | 2,254 | 45.3% |
| 20 JAZZ WAY | 2025-07 | $615,000 | 2,104 | 56.9% |
| 18 SOUTHGATE RD | 2025-01 | $440,000 | 1,913 | 50.3% |
| 6 W OLEANDER DR | 2025-09 | $515,000 | 1,936 | 44.1% |
| 20 ROSE CT | 2026-05 | $350,000 | 2,025 | 68.1% |
| 5 CHRISTOPHER MILLS DR | 2026-05 | $534,000 | 1,826 | 52.8% |
| 27 GARDENIA DR | 2026-02 | $395,000 | 1,946 | 58.0% |
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