The Fair Share Report

49 Fox Run

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.

Step 1 · Market value

≈ $555,670

Likely range $442,685 – $586,754, 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

60.04%

The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $555,670 home should be assessed near $333,624.

Step 3 · Assessed value

$281,500

Set at the last town-wide revaluation and mostly frozen since. That's $52,124 below what the ratio math suggests (15.6%).

Step 4 · The tax rate — same for every Mount Laurel home

$3.128 per $100 assessed

$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%

Step 5 · The bill

$9,461/yr
Public schools$6,375
Burlington County$1,498
Town of Mount Laurel$1,588
Mount Laurel average$7,506

This home vs. every recent Mount Laurel sale · assessed ÷ market

Town median 48.4%
This home · 50.7%

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)

AddressSoldPriceSq ftRatio
204 KNOTTY OAK DR2025-04$535,0001,98749.3%
18 SOUTHGATE RD2025-01$440,0001,91350.3%
8 CONOVER CT2025-08$606,0002,12053.6%
11 CONOVER CT2025-01$607,0002,12049.6%
6 W OLEANDER DR2025-09$515,0001,93644.1%
206 KNOTTY OAK DR2025-04$580,0001,97545.6%
192 KNOTTY OAK DR2026-02$630,0001,97536.7%
5 CHRISTOPHER MILLS DR2026-05$534,0001,82652.8%
601 TALLOWOOD LA2026-04$599,9002,14345.8%
27 GARDENIA DR2026-02$395,0001,94658.0%
27 GARDENIA DR2026-01$297,0001,94677.2%
168 KNOTTY OAK DR2025-09$650,0001,97541.3%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →