The Fair Share Report
25 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 $336,712 – $593,526, 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 $536,398 home should be assessed near $322,053.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $42,153 below what the ratio math suggests (13.1%).
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%89%
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 |
|---|---|---|---|---|
| 168 WILLOW TURN | 2025-10 | $312,500 | 2,100 | 55.2% |
| 128 CALDERWOOD LA | 2025-11 | $414,900 | 2,084 | 50.9% |
| 128 CALDERWOOD LA | 2025-07 | $250,000 | 2,084 | 84.4% |
| 24 WEST DAISY LA | 2025-08 | $505,000 | 2,141 | 47.6% |
| 228 MEADOW DR | 2026-05 | $560,000 | 2,164 | 44.3% |
| 227 MEADOW DR | 2025-05 | $591,500 | 2,164 | 41.0% |
| 130 BANWELL LA | 2025-12 | $390,000 | 2,064 | 52.2% |
| 35 STRATFORD LA | 2025-11 | $660,000 | 2,012 | 40.6% |
| 21 WHITECHAPEL DR | 2026-01 | $591,000 | 2,106 | 51.4% |
| 21 WHITECHAPEL DR | 2025-12 | $591,000 | 2,106 | 51.4% |
| 162 WILLOW TURN | 2025-08 | $330,000 | 2,204 | 55.3% |
| 20 ROSE CT | 2026-05 | $350,000 | 2,025 | 68.1% |
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