The Fair Share Report
404 E 2nd 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 $665,855 – $1,054,300, 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 $805,780 home should be assessed near $495,071.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $4,771 below what the ratio math suggests (1.0%).
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%79%
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 |
|---|---|---|---|---|
| 408 E 2ND ST | 2025-12 | $1,070,000 | 2,579 | 34.7% |
| 529 BOWLING GR | 2025-09 | $770,000 | 3,153 | 59.6% |
| 801 CAMDEN AVE | 2025-11 | $805,000 | 2,757 | 49.5% |
| 14 GREENVALE RD | 2024-12 | $750,000 | 3,008 | 52.2% |
| 214 E CENTRAL AVE | 2025-12 | $795,000 | 3,108 | 62.2% |
| 198 S LINCOLN AVE | 2025-11 | $695,000 | 3,255 | 50.9% |
| 310 S WASHINGTON AVE | 2025-12 | $749,900 | 2,719 | 47.1% |
| 741 PADDOCK PATH | 2025-08 | $1,200,000 | 2,688 | 52.0% |
| 134 PLUM ST | 2025-09 | $960,000 | 2,637 | 61.5% |
| 44 WAGON BRIDGE RUN | 2026-05 | $625,000 | 3,038 | 58.7% |
| 111 COLONIAL RDG | 2025-05 | $782,000 | 2,353 | 38.3% |
| 707 MANOR TERRACE | 2025-03 | $802,500 | 3,252 | 52.2% |
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