The Fair Share Report
507 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 $348,436 – $372,146, 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 $362,948 home should be assessed near $217,914.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $11,214 below what the ratio math suggests (5.1%).
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%
A touch high — worth watching
This home's ratio sits above most of Mount Laurel, but doesn't clear NJ's legal appeal line (69.05%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 7702B NORMANDY DR | 2026-05 | $365,000 | 1,625 | 52.5% |
| 257 RAMBLEWOOD PKY | 2025-09 | $410,000 | 1,656 | 45.0% |
| 1801 WHARTON RD | 2026-03 | $378,000 | 1,678 | 49.8% |
| 5108 HALIFAX WAY | 2026-03 | $364,900 | 1,678 | 50.2% |
| 5105 HALIFAX WAY | 2026-03 | $385,000 | 1,678 | 47.6% |
| 2505 SAXONY DR | 2026-01 | $373,000 | 1,678 | 47.2% |
| 2605 SAXONY DR | 2025-12 | $375,000 | 1,678 | 48.1% |
| 2404 STOKES RD | 2025-07 | $350,000 | 1,678 | 53.8% |
| 802 OSWEGO CT | 2025-03 | $350,000 | 1,693 | 51.8% |
| 506 OSWEGO CT | 2025-03 | $360,000 | 1,693 | 51.3% |
| 1207 WHARTON RD | 2025-01 | $372,500 | 1,693 | 48.7% |
| 6206B NORMANDY DR | 2025-10 | $345,000 | 1,633 | 55.5% |
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