The Fair Share Report
503 Hydrangea 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 $495,352 – $584,591, 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 $531,585 home should be assessed near $319,164.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $63,564 below what the ratio math suggests (19.9%).
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 |
|---|---|---|---|---|
| 1 stokes rd | 2025-06 | $505,000 | 2,040 | 52.3% |
| 71 PEPPERGRASS DR SO | 2026-03 | $550,000 | 2,001 | 44.0% |
| 737 CASCADE DR NORTH | 2025-07 | $520,000 | 1,975 | 49.5% |
| 12 BARTON WAY | 2025-05 | $535,000 | 2,122 | 55.1% |
| 21 HILLSIDE LA | 2025-12 | $635,000 | 1,947 | 57.8% |
| 14 VASSAR RD | 2025-07 | $600,000 | 1,947 | 53.4% |
| 26 BUCKINGHAM WAY | 2025-01 | $465,000 | 2,086 | 56.1% |
| 8006 NORMANDY DR | 2026-01 | $420,000 | 1,831 | 52.4% |
| 78 WATSON DR | 2026-03 | $598,000 | 2,237 | 57.2% |
| 4 HARTZEL CT | 2025-06 | $720,000 | 2,108 | 45.6% |
| 8502 NORMANDY DR | 2025-07 | $468,000 | 1,831 | 48.7% |
| 8 CONOVER CT | 2025-08 | $606,000 | 2,120 | 53.6% |
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