The Fair Share Report
5 Devonshire Rd
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.
This home's full record →Check another house →
Step 1 · Market value
Likely range $588,114 – $692,943, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 2,276 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $643,881 home should be assessed near $386,586.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $132,286 below what the ratio math suggests (34.2%).
Step 4 · The tax rate — same for every Mount Laurel home
$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%
Step 5 · The bill
This home vs. every recent Mount Laurel sale · assessed ÷ market
31%75%
Keep quiet and enjoy it
This home's assessment ratio sits below the Mount Laurel pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 STRATFORD LA | 2025-08 | $620,000 | 2,276 | 44.6% |
| 64 STRATFORD LA | 2025-11 | $707,000 | 2,221 | 40.8% |
| 104 KNOTTY OAK DR | 2025-12 | $715,000 | 2,322 | 43.3% |
| 150 SQUIRREL TREE LA | 2025-05 | $600,000 | 2,322 | 52.1% |
| 12 DEVONSHIRE RD | 2025-10 | $680,000 | 2,276 | 45.4% |
| 1 WEMBLEY DR | 2025-08 | $675,000 | 2,347 | 45.5% |
| 24 LANCELOT LA | 2025-07 | $731,000 | 2,401 | 43.1% |
| 10 WARWICK CT | 2025-09 | $755,000 | 2,352 | 40.8% |
| 520 PERRY DR | 2025-07 | $680,000 | 2,362 | 45.4% |
| 206 MEADOW DR | 2026-03 | $561,000 | 2,296 | 44.1% |
| 601 TALLOWOOD LA | 2026-04 | $599,900 | 2,143 | 45.8% |
| 517 PERRY DR | 2026-04 | $675,000 | 2,386 | 42.9% |
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