The Fair Share Report

27 Devon Rd

Mt Holly, NJ 08060

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.

Step 1 · Market value

≈ $305,000

Likely range $210,000 – $395,000, from 12 comparable Mount Holly sales in the past 18 months.

Step 2 · The Director's Ratio

60.89%

The state's official measure of how far Mount Holly assessments sit below market value — republished every October, applied town-wide. A $305,000 home should be assessed near $185,715.

Step 3 · Assessed value

$349,800

Set at the last town-wide revaluation and mostly frozen since. That's $164,086 above what the ratio math suggests (88.4%).

Step 4 · The tax rate — same for every Mount Holly home

$3.490 per $100 assessed

$1.984 Schools · 57% $0.536 County · 15% $0.970 Town · 28%

Step 5 · The bill

$12,843/yr
Public schools$7,301
Burlington County$1,972
Town of Mount Holly$3,570
Mount Holly average$5,980

This home vs. every recent Mount Holly sale · assessed ÷ market

Town median 53.6%
This home · 114.7%

36%172%

Looks meaningfully over-assessed

Even at the generous end of the range, this home's ratio clears the Chapter 123 appeal line (70.02%) — roughly $5,727/yr at stake. NJ appeals are generally due April 1.

The evidence · comparable sales (SR1A usable-sale records)

AddressSoldPriceSq ftRatio
105 PINE ST2025-08$338,3501,18751.1%
141 RANCOCAS RD2025-03$115,0001,06944.1%
236 CHESTNUT ST2025-01$305,0001,29644.9%
148 KING ST2025-12$230,0001,50458.6%
426 MERRITT DR2026-04$436,0001,37043.6%
142 CHERRY ST2026-05$170,0001,50870.9%
45 BROAD ST2026-02$450,0002,05647.4%
117-121 CALEY AVE2025-05$357,0001,44446.9%
127 SOUTH AVE2025-01$215,00081659.4%
18 POPLAR ST2025-01$366,0002,09668.1%
11 FRONT ST2025-06$395,0001,72360.1%
227 CHESTNUT ST2025-04$222,5001,08039.8%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →