The Fair Share Report
4 Devonshire 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $430,069 – $564,326, 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 $531,786 home should be assessed near $319,284.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $34,284 below what the ratio math suggests (10.7%).
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%
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 27 GARDENIA DR | 2026-02 | $395,000 | 1,946 | 58.0% |
| 27 GARDENIA DR | 2026-01 | $297,000 | 1,946 | 77.2% |
| 20 ROSE CT | 2026-05 | $350,000 | 2,025 | 68.1% |
| 6 W OLEANDER DR | 2025-09 | $515,000 | 1,936 | 44.1% |
| 204 KNOTTY OAK DR | 2025-04 | $535,000 | 1,987 | 49.3% |
| 750 CORNWALLIS DR | 2025-08 | $550,000 | 1,970 | 47.4% |
| 18 SOUTHGATE RD | 2025-01 | $440,000 | 1,913 | 50.3% |
| 35 STRATFORD LA | 2025-11 | $660,000 | 2,012 | 40.6% |
| 24 WEST DAISY LA | 2025-08 | $505,000 | 2,141 | 47.6% |
| 145 COBBLESTONE DR | 2025-07 | $540,000 | 2,038 | 47.2% |
| 64 STRATFORD LA | 2025-11 | $707,000 | 2,221 | 40.8% |
| 601 TALLOWOOD LA | 2026-04 | $599,900 | 2,143 | 45.8% |
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