The Fair Share Report
516 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 $335,656 – $400,000, from 12 comparable Mount Laurel sales in the past 18 months, at this home's 1,430 sq ft.
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 $377,000 home should be assessed near $226,351.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $20,151 below what the ratio math suggests (8.9%).
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 |
|---|---|---|---|---|
| 403 ASTER PL | 2025-01 | $377,000 | 1,430 | 54.8% |
| 43 KETTLEBROOK DR | 2025-12 | $385,000 | 1,430 | 52.4% |
| 2902 SWEETLEAF TERR | 2025-09 | $350,000 | 1,421 | 41.9% |
| 3308B SAXONY DR | 2025-10 | $300,000 | 1,454 | 58.5% |
| 41 KETTLEBROOK DR | 2025-12 | $380,000 | 1,430 | 53.5% |
| 1101 WHARTON RD | 2025-01 | $327,000 | 1,384 | 50.8% |
| 512 HYDRANGEA DR | 2025-06 | $526,000 | 1,521 | 40.8% |
| 30 CLIFFORD CT | 2025-02 | $460,000 | 1,399 | 42.8% |
| 1202 AUGUSTA CIR | 2026-05 | $300,000 | 1,434 | 59.9% |
| 1004B YARMOUTH LA | 2025-03 | $255,000 | 1,390 | 58.0% |
| 42 CLIFFORD CT | 2026-03 | $400,000 | 1,430 | 50.0% |
| 116 PEPPERGRASS DR SO | 2025-06 | $469,900 | 1,483 | 45.3% |
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