The Fair Share Report
520 E 2nd St
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 $462,015 – $539,663, 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 $492,871 home should be assessed near $302,820.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $8,480 above what the ratio math suggests (2.8%).
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
35%76%
A touch high — worth watching
This home's ratio sits above most of Moorestown, but doesn't clear NJ's legal appeal line (70.66%).
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 112 BEACON ST | 2025-05 | $400,000 | 1,792 | 49.0% |
| 21 PALMER DR | 2025-10 | $550,000 | 1,996 | 60.3% |
| 102 LOIS LANE | 2025-02 | $600,000 | 1,922 | 57.2% |
| 15 HOGAN WAY | 2026-03 | $615,000 | 2,041 | 52.3% |
| 7 PALMER DR | 2025-05 | $608,000 | 2,041 | 51.9% |
| 18 PALMER DR | 2025-03 | $590,000 | 2,041 | 56.3% |
| 300 W WALNUT AVE | 2025-03 | $560,000 | 1,824 | 45.2% |
| 523 E 2ND ST | 2025-03 | $649,900 | 1,953 | 57.1% |
| 16 HOGAN WAY | 2026-02 | $610,000 | 2,116 | 54.4% |
| 121 COTTAGE AVE | 2025-05 | $420,000 | 1,836 | 56.8% |
| 705 MANOR TERRACE | 2026-05 | $475,000 | 1,733 | 52.6% |
| 429 OLDERSHAW AVE | 2025-06 | $680,000 | 1,885 | 53.1% |
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