The Fair Share Report
409 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 $733,544 – $999,513, from 12 comparable Moorestown sales in the past 18 months, at this home's 2,942 sq ft.
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 $886,450 home should be assessed near $544,635.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $46,435 below what the ratio math suggests (8.5%).
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 |
|---|---|---|---|---|
| 214 E CENTRAL AVE | 2025-12 | $795,000 | 3,108 | 62.2% |
| 803 FERNWOOD RD | 2025-10 | $927,625 | 2,812 | 52.1% |
| 120 W CENTRAL AVE | 2025-06 | $897,000 | 2,822 | 50.0% |
| 14 GREENVALE RD | 2024-12 | $750,000 | 3,008 | 52.2% |
| 308 FARMDALE RD | 2025-06 | $524,445 | 2,927 | 66.4% |
| 268 NORTH RIDING DR | 2025-04 | $605,000 | 2,769 | 74.6% |
| 7 WHITE TAIL COURT | 2026-01 | $1,290,000 | 3,134 | 52.2% |
| 44 WAGON BRIDGE RUN | 2026-05 | $625,000 | 3,038 | 58.7% |
| 49 BROOKS ROAD | 2026-03 | $990,000 | 2,914 | 56.2% |
| 104 MT LAUREL RD | 2026-03 | $875,000 | 2,904 | 60.0% |
| 158 SARAZEN DR | 2025-12 | $1,065,000 | 3,003 | 48.5% |
| 412 WINDROW CLUSTERS DR | 2025-06 | $760,000 | 2,880 | 59.6% |
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