The Fair Share Report
29 E 2nd St
Moorestown, NJ 08057
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 $372,544 – $587,205, from 12 comparable Moorestown sales in the past 18 months, at this home's 1,660 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Moorestown assessments sit below market value — republished every October, applied town-wide. A $487,916 home should be assessed near $299,776.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $81,676 below what the ratio math suggests (27.2%).
Step 4 · The tax rate — same for every Moorestown home
$1.871 Schools · 67% $0.489 County · 17% $0.453 Town · 16%
Step 5 · The bill
This home vs. every recent Moorestown sale · assessed ÷ market
32%76%
Paying about right
This home's ratio lands inside Moorestown'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 |
|---|---|---|---|---|
| 248 S CHURCH ST | 2025-05 | $240,000 | 1,702 | 67.6% |
| 109 S COLONIAL AVE | 2025-08 | $725,000 | 1,631 | 45.5% |
| 201 LOCUST ST | 2025-08 | $731,201 | 1,896 | 34.0% |
| 455 N CHURCH ST | 2025-04 | $450,000 | 1,531 | 47.3% |
| 325 E 2ND ST | 2025-03 | $385,000 | 1,788 | 51.8% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 604 N CHURCH ST | 2025-09 | $320,934 | 1,623 | 63.1% |
| 126 S LENOLA RD | 2026-05 | $425,000 | 1,376 | 37.1% |
| 11 E SUTTON AVE | 2025-12 | $705,000 | 1,993 | 55.4% |
| 100 ERRICKSON AVE | 2025-10 | $428,875 | 1,911 | 41.5% |
| 614 WINDSOR PL | 2025-09 | $610,000 | 1,858 | 49.1% |
| 519 N LINCOLN AVE | 2025-12 | $340,000 | 1,233 | 38.7% |
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