The Fair Share Report

34 E Oleander 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.

Step 1 · Market value

≈ $432,951

Likely range $383,098 – $493,454, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 1,845 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 $432,951 home should be assessed near $259,944.

Step 3 · Assessed value

$191,800

Set at the last town-wide revaluation and mostly frozen since. That's $68,144 below what the ratio math suggests (26.2%).

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

$6,446/yr
Public schools$4,344
Burlington County$1,020
Town of Mount Laurel$1,082
Mount Laurel average$7,506

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

Town median 48.4%
This home · 44.3%

33%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
604 ASHBERRY CT2025-04$585,0001,85548.8%
56 STRATFORD LA2025-09$430,0001,81756.4%
20 OLEANDER CT2026-04$237,0001,86496.5%
5 CHRISTOPHER MILLS DR2026-05$534,0001,82652.8%
18 SOUTHGATE RD2025-01$440,0001,91350.3%
8 KETTLEBROOK DR2026-01$429,9001,83252.1%
10 EDDLEWOOD PL2025-10$365,0001,83261.1%
19 LAVISTER DR2025-06$450,0001,83249.0%
10 KETTLEBROOK DR2025-04$448,0001,83249.9%
2 HARTZEL CT2025-09$550,0001,81051.5%
36 KETTLEBROOK DR2025-07$380,0001,80659.0%
38 KETTLEBROOK DR2025-06$375,0001,80659.9%

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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 →