The Fair Share Report
40 Millstream 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 $599,006 – $750,618, 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 $703,290 home should be assessed near $422,255.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $52,155 below what the ratio math suggests (12.4%).
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 |
|---|---|---|---|---|
| 163 MEMORIAL LA | 2025-11 | $825,000 | 2,516 | 44.6% |
| 200 LAUREL LA | 2026-03 | $643,000 | 2,444 | 50.6% |
| 12 VICTORIA CT | 2025-10 | $600,000 | 2,438 | 51.8% |
| 304 HIALEAH DR | 2026-01 | $765,000 | 2,344 | 49.3% |
| 57 BOLZ CT | 2025-08 | $749,000 | 2,500 | 51.8% |
| 3 ABINGTON RD | 2026-01 | $950,000 | 2,476 | 48.0% |
| 693 LINCOLN DR | 2025-08 | $680,000 | 2,442 | 42.5% |
| 602 TALLOWOOD LA | 2025-06 | $625,000 | 2,555 | 49.5% |
| 741 AMSTERDAM RD | 2025-04 | $553,000 | 2,442 | 52.1% |
| 517 PERRY DR | 2026-04 | $675,000 | 2,386 | 42.9% |
| 13 WARRINGTON CT | 2025-07 | $722,000 | 2,533 | 48.6% |
| 520 PERRY DR | 2025-07 | $680,000 | 2,362 | 45.4% |
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