The Fair Share Report
5 E Prospect Ave
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 $469,521 – $992,601, 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 $822,878 home should be assessed near $505,576.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $112,976 below what the ratio math suggests (22.3%).
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
34%89%
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 |
|---|---|---|---|---|
| 111 COLONIAL RDG | 2025-05 | $782,000 | 2,353 | 38.3% |
| 269 E 3RD ST | 2025-07 | $940,000 | 2,410 | 41.2% |
| 400 KINGS HWY | 2025-09 | $800,000 | 2,772 | 53.6% |
| 126 UNION ST | 2025-02 | $490,000 | 2,309 | 54.2% |
| 271 W MAIN ST | 2025-03 | $725,000 | 2,320 | 40.3% |
| 408 E 2ND ST | 2025-12 | $1,070,000 | 2,579 | 34.7% |
| 134 PLUM ST | 2025-09 | $960,000 | 2,637 | 61.5% |
| 229 S CHURCH ST | 2025-07 | $405,000 | 2,419 | 66.3% |
| 8 E OAK AVE | 2025-11 | $450,000 | 2,234 | 78.5% |
| 322 CHESTNUT ST | 2026-04 | $300,000 | 2,169 | 80.8% |
| 11 W SPRUCE ST | 2025-07 | $875,000 | 2,536 | 50.5% |
| 244 GREGORY COURT | 2026-02 | $855,000 | 2,482 | 49.0% |
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