The Fair Share Report
420 E 3rd St
Moorestown, NJ 08057
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
This home's payments are about right
It sits inside Moorestown's normal range — market price changes haven't singled it out. No case for a tax appeal.
Step 1 · Market value
Likely range $424,466 – $892,161, 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 $462,348 home should be assessed near $284,067.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $40,033 above what the ratio math suggests (14.1%).
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
31%82%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 322 CHESTNUT ST | 2026-04 | $300,000 | 2,169 | 80.8% |
| 126 UNION ST | 2025-02 | $490,000 | 2,309 | 54.2% |
| 269 E 3RD ST | 2025-07 | $940,000 | 2,410 | 41.2% |
| 1 W 2ND ST | 2025-08 | $925,111 | 2,232 | 48.0% |
| 229 S CHURCH ST | 2025-07 | $405,000 | 2,419 | 66.3% |
| 8 E OAK AVE | 2025-11 | $450,000 | 2,234 | 78.5% |
| 232-234 W 2ND ST | 2025-05 | $470,000 | 2,760 | 53.3% |
| 325 E 2ND ST | 2025-03 | $385,000 | 1,788 | 51.8% |
| 347 W 3RD ST | 2025-05 | $850,000 | 2,060 | 34.7% |
| 201 LOCUST ST | 2025-08 | $731,201 | 1,896 | 34.0% |
| 271 W MAIN ST | 2025-03 | $725,000 | 2,320 | 40.3% |
| 1 CIRCLE DR | 2025-09 | $785,000 | 2,127 | 49.3% |
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