The Fair Share Report
7 Basil Ct
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 $560,498 – $584,813, 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 $575,135 home should be assessed near $345,311.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $89 above what the ratio math suggests (0.0%).
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 |
|---|---|---|---|---|
| 414 MONTE FARM RD | 2025-09 | $564,900 | 2,290 | 56.4% |
| 54 ROME WAY | 2026-03 | $512,000 | 2,290 | 57.3% |
| 41 TURIN WAY | 2026-03 | $525,000 | 2,290 | 55.9% |
| 52 ROME WAY | 2025-11 | $529,900 | 2,290 | 55.4% |
| 39 TURIN WAY | 2025-06 | $535,000 | 2,290 | 54.9% |
| 402 MONTE FARM RD | 2025-08 | $542,000 | 2,290 | 58.6% |
| 18 LILAC CIRCLE | 2025-07 | $545,000 | 2,290 | 57.5% |
| 33 SISTER'S FARMSTEAD RD | 2025-06 | $547,000 | 2,290 | 58.0% |
| 482 MONTE FARM RD | 2025-11 | $550,000 | 2,290 | 57.2% |
| 11 SIENNA WAY | 2025-06 | $542,500 | 2,290 | 54.1% |
| 9 SISTER'S FARMSTEAD RD | 2025-11 | $533,229 | 2,290 | 58.8% |
| 1 FLORENCE LN | 2025-09 | $517,625 | 2,290 | 56.8% |
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