The Fair Share Report
502 Devon Rd
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 $417,796 – $709,551, 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 $618,202 home should be assessed near $379,823.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $108,123 below what the ratio math suggests (28.5%).
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
33%76%
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 |
|---|---|---|---|---|
| 100 ERRICKSON AVE | 2025-10 | $428,875 | 1,911 | 41.5% |
| 614 WINDSOR PL | 2025-09 | $610,000 | 1,858 | 49.1% |
| 3 OVERBROOK CIR | 2025-06 | $425,000 | 1,892 | 69.0% |
| 15 CIRCLE DR | 2026-03 | $559,000 | 1,825 | 43.0% |
| 204 HIGHLAND AVE | 2025-08 | $644,000 | 2,047 | 47.0% |
| 601 STRATFORD | 2026-04 | $785,000 | 2,076 | 41.3% |
| 11 E SUTTON AVE | 2025-12 | $705,000 | 1,993 | 55.4% |
| 121 COTTAGE AVE | 2025-05 | $420,000 | 1,836 | 56.8% |
| 405 S WASHINGTON AVE | 2025-01 | $590,000 | 2,069 | 53.5% |
| 295 CRESCENT AVE | 2025-08 | $900,000 | 2,057 | 40.1% |
| 325 FARMDALE RD | 2025-11 | $495,000 | 2,183 | 52.3% |
| 300 W WALNUT AVE | 2025-03 | $560,000 | 1,824 | 45.2% |
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