The Fair Share Report
40 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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $317,972 – $364,202, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 1,284 sq ft.
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 $345,000 home should be assessed near $207,138.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,938 below what the ratio math suggests (22.7%).
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 |
|---|---|---|---|---|
| 81 POPPY CT | 2025-07 | $352,000 | 1,284 | 46.0% |
| 20 E OLEANDER DR | 2025-03 | $315,000 | 1,284 | 51.5% |
| 33 E OLEANDER DR | 2025-06 | $345,000 | 1,284 | 46.1% |
| 83 EDDYSTONE WAY | 2026-05 | $337,500 | 1,278 | 49.2% |
| 1 ADNER DR | 2025-12 | $360,000 | 1,278 | 46.8% |
| 36 EDDYSTONE WAY | 2025-02 | $362,500 | 1,278 | 46.3% |
| 3296 NEIL'S CT | 2025-09 | $325,000 | 1,284 | 37.1% |
| 1341 THORNWOOD DR | 2025-07 | $305,000 | 1,284 | 39.5% |
| 1447 THORNWOOD DR | 2025-07 | $280,000 | 1,284 | 43.0% |
| 1337 THORNWOOD DR | 2025-03 | $345,000 | 1,284 | 34.9% |
| 174 CAMBER LA | 2025-08 | $360,000 | 1,280 | 46.3% |
| 30 SHEPPARDS LN | 2025-10 | $384,000 | 1,278 | 44.5% |
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