The Fair Share Report
324 E 3rd 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 $255,518 – $511,976, from 12 comparable Moorestown 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 Moorestown assessments sit below market value — republished every October, applied town-wide. A $359,622 home should be assessed near $220,952.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,052 below what the ratio math suggests (23.6%).
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
28%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 |
|---|---|---|---|---|
| 217 UNION ST | 2025-06 | $435,000 | 1,333 | 33.2% |
| 315 LINDEN ST | 2025-07 | $297,500 | 1,288 | 57.6% |
| 322 DAWSON ST | 2025-04 | $170,000 | 1,128 | 72.3% |
| 228 MILL ST | 2026-02 | $427,000 | 1,230 | 38.5% |
| 325 E 2ND ST | 2025-03 | $385,000 | 1,788 | 51.8% |
| 455 N CHURCH ST | 2025-04 | $450,000 | 1,531 | 47.3% |
| 419 HOOTON PLACE | 2025-08 | $350,000 | 1,455 | 71.9% |
| 526 E MAIN ST | 2026-05 | $500,000 | 1,512 | 44.2% |
| 66 E 3RD ST | 2025-05 | $212,500 | 1,168 | 58.6% |
| 126 S LENOLA RD | 2026-05 | $425,000 | 1,376 | 37.1% |
| 604 N CHURCH ST | 2025-09 | $320,934 | 1,623 | 63.1% |
| 248 S CHURCH ST | 2025-05 | $240,000 | 1,702 | 67.6% |
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