The Fair Share Report

29 Rushwick 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.

Step 1 · Market value

≈ $632,228

Likely range $526,797 – $673,962, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 2,597 sq ft.

Step 2 · The Director's Ratio

60.04%

The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $632,228 home should be assessed near $379,590.

Step 3 · Assessed value

$347,200

Set at the last town-wide revaluation and mostly frozen since. That's $32,390 below what the ratio math suggests (8.5%).

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

$3.128 per $100 assessed

$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%

Step 5 · The bill

$11,669/yr
Public schools$7,863
Burlington County$1,847
Town of Mount Laurel$1,959
Mount Laurel average$7,506

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

Town median 48.4%
This home · 54.9%

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)

AddressSoldPriceSq ftRatio
32 MICHAELSON DR2026-01$650,0002,67052.5%
7 EDINBURGH LA2025-08$577,0262,47655.0%
205 AMBERFIELD DR2025-06$800,0002,63751.0%
31 TEDDINGTON WAY2025-08$665,0002,58353.8%
9 SHEFFIELD LA2025-01$525,0002,69067.5%
38 LANCELOT LA2026-01$570,0002,75560.8%
38 LANCELOT LA2025-05$410,0002,75584.6%
27 WHITECHAPEL DR2025-05$750,0002,89048.1%
102 UNION MILL TERR2026-01$695,0002,76747.3%
9 MICHAELSON DR2025-11$584,0002,87960.6%
115 UNION MILL TERR2025-07$667,0002,76753.4%
300 KEATLEY DR2025-09$825,0002,38450.9%

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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 →