The Fair Share Report
5 Pheasant Dr
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 $944,437 – $1,315,262, 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
The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $1,203,857 home should be assessed near $722,796.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $110,596 below what the ratio math suggests (15.3%).
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
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)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 4 ROCKCRESS WAY | 2025-07 | $1,395,000 | 4,527 | 59.1% |
| 651 WALTON AVE | 2025-08 | $905,000 | 4,388 | 60.7% |
| 617 UNION MILL RD | 2025-05 | $1,165,000 | 4,080 | 38.7% |
| 107 PHILLIPS RD | 2025-10 | $685,000 | 3,982 | 66.4% |
| 11 ROLLING GLEN CT | 2025-12 | $1,275,000 | 4,570 | 52.9% |
| 42 MEADOWRUE CT | 2025-11 | $765,000 | 3,542 | 44.1% |
| 9 FOXCROFT WAY | 2026-04 | $975,000 | 4,145 | 62.2% |
| 15 RICHLAND DR | 2026-04 | $1,070,000 | 4,117 | 59.7% |
| 329 MT LAUREL RD | 2025-12 | $650,000 | 2,802 | 58.3% |
| 45 WOOD VIEW DR | 2025-09 | $985,000 | 3,517 | 54.4% |
| 71 BROADACRE DR | 2026-05 | $1,250,000 | 4,144 | 49.2% |
| 6101 CHURCH RD | 2026-05 | $985,000 | 3,224 | 51.3% |
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