The Fair Share Report
428 E 3rd 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 $332,935 – $660,254, 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 $531,711 home should be assessed near $326,683.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $61,483 below what the ratio math suggests (18.8%).
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%85%
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 |
|---|---|---|---|---|
| 325 E 2ND ST | 2025-03 | $385,000 | 1,788 | 51.8% |
| 201 LOCUST ST | 2025-08 | $731,201 | 1,896 | 34.0% |
| 322 CHESTNUT ST | 2026-04 | $300,000 | 2,169 | 80.8% |
| 248 S CHURCH ST | 2025-05 | $240,000 | 1,702 | 67.6% |
| 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% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 455 N CHURCH ST | 2025-04 | $450,000 | 1,531 | 47.3% |
| 8 E OAK AVE | 2025-11 | $450,000 | 2,234 | 78.5% |
| 3 OVERBROOK CIR | 2025-06 | $425,000 | 1,892 | 69.0% |
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