The Fair Share Report
263 Ark 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 $385,046 – $535,651, 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 $454,531 home should be assessed near $272,900.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $7,500 below what the ratio math suggests (2.7%).
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%
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 |
|---|---|---|---|---|
| 2 MUSKET LA | 2025-06 | $485,000 | 1,924 | 38.5% |
| 153 PEBBLEBROOK LA | 2025-11 | $310,000 | 1,922 | 78.1% |
| 160 RAMBLEWOOD TERR | 2025-06 | $455,000 | 1,941 | 49.7% |
| 750 CORNWALLIS DR | 2025-08 | $550,000 | 1,970 | 47.4% |
| 145 COBBLESTONE DR | 2025-07 | $540,000 | 2,038 | 47.2% |
| 551 NORWOOD RD | 2025-07 | $585,000 | 2,084 | 43.9% |
| 27 GARDENIA DR | 2026-02 | $395,000 | 1,946 | 58.0% |
| 27 GARDENIA DR | 2026-01 | $297,000 | 1,946 | 77.2% |
| 175 RAMBLEWOOD PKY | 2025-03 | $595,000 | 2,038 | 45.4% |
| 244 RAMBLEWOOD PKY | 2025-05 | $565,000 | 2,084 | 37.5% |
| 20 ROSE CT | 2026-05 | $350,000 | 2,025 | 68.1% |
| 6 W OLEANDER DR | 2025-09 | $515,000 | 1,936 | 44.1% |
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