The Fair Share Report
32 Millstream Dr
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 $585,238 – $715,826, 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 $660,539 home should be assessed near $396,588.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $188 below what the ratio math suggests (0.0%).
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%
A touch high — worth watching
This home's ratio sits above most of Mount Laurel, but doesn't clear NJ's legal appeal line (69.05%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 115 UNION MILL TERR | 2025-07 | $667,000 | 2,767 | 53.4% |
| 119 YORKTOWN DR | 2025-02 | $650,000 | 2,652 | 46.6% |
| 105 COBBLESTONE DR | 2025-02 | $585,000 | 2,652 | 50.8% |
| 167 CANTERBURY RD | 2025-12 | $574,000 | 2,616 | 43.0% |
| 846 LAFAYETTE DR | 2025-02 | $525,000 | 2,600 | 54.9% |
| 204 ST DAVID DR | 2025-04 | $667,000 | 2,752 | 47.1% |
| 200 LAUREL LA | 2026-03 | $643,000 | 2,444 | 50.6% |
| 12 VICTORIA CT | 2025-10 | $600,000 | 2,438 | 51.8% |
| 169 CANTERBURY RD | 2025-05 | $722,500 | 2,842 | 37.5% |
| 413 COUNTRY CT | 2025-05 | $515,000 | 2,596 | 43.4% |
| 693 LINCOLN DR | 2025-08 | $680,000 | 2,442 | 42.5% |
| 741 AMSTERDAM RD | 2025-04 | $553,000 | 2,442 | 52.1% |
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