The Fair Share Report
516 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 $356,540 – $549,545, from 12 comparable Moorestown sales in the past 18 months, at this home's 1,302 sq ft.
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 $452,221 home should be assessed near $277,845.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $69,145 below what the ratio math suggests (24.9%).
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 |
|---|---|---|---|---|
| 302 S WASHINGTON AVE | 2025-09 | $455,000 | 1,310 | 50.8% |
| 602 WINDSOR PL | 2025-04 | $570,000 | 1,256 | 48.9% |
| 709 MANOR TERRACE | 2025-12 | $582,500 | 1,226 | 43.4% |
| 423 PARK BLVD | 2025-12 | $411,000 | 1,232 | 50.5% |
| 507 E 2ND ST | 2025-06 | $550,000 | 1,309 | 48.9% |
| 603 DEVON RD | 2025-03 | $440,000 | 1,148 | 42.7% |
| 310 N LENOLA RD | 2025-07 | $275,000 | 1,149 | 47.6% |
| 308 KENWOOD DR | 2025-11 | $425,000 | 1,552 | 63.1% |
| 308 KENWOOD DR | 2025-09 | $389,000 | 1,552 | 69.0% |
| 2 WAGON BRIDGE RUN | 2025-06 | $540,000 | 1,461 | 47.2% |
| 214 PEMBROOK AVE | 2025-08 | $753,000 | 1,536 | 43.2% |
| 450 BRIDGEBORO RD | 2025-06 | $375,000 | 1,376 | 57.6% |
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