The Fair Share Report
340 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 $399,917 – $629,747, 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 $511,491 home should be assessed near $314,260.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $55,460 below what the ratio math suggests (17.6%).
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
35%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 |
|---|---|---|---|---|
| 10 S SHIRLEY AVE | 2025-07 | $650,000 | 1,540 | 40.8% |
| 429 OLDERSHAW AVE | 2025-06 | $680,000 | 1,885 | 53.1% |
| 102 LOIS LANE | 2025-02 | $600,000 | 1,922 | 57.2% |
| 112 BEACON ST | 2025-05 | $400,000 | 1,792 | 49.0% |
| 2 WAGON BRIDGE RUN | 2025-06 | $540,000 | 1,461 | 47.2% |
| 705 MANOR TERRACE | 2026-05 | $475,000 | 1,733 | 52.6% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 256 CARRIAGE HILL DR | 2025-10 | $735,000 | 2,004 | 51.6% |
| 300 W WALNUT AVE | 2025-03 | $560,000 | 1,824 | 45.2% |
| 113 GRANT AVE | 2025-05 | $622,500 | 1,958 | 40.9% |
| 308 KENWOOD DR | 2025-11 | $425,000 | 1,552 | 63.1% |
| 308 KENWOOD DR | 2025-09 | $389,000 | 1,552 | 69.0% |
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