The Fair Share Report
70 E 3rd St
Moorestown, NJ 08081
The town adjusts for market price changes once a year — but only based on the average price change of all homes in the area. This report checks whether this house's assessment kept pace.
Good news — this home pays less than its share
Its assessment sits low relative to what homes like it actually sell for. An appeal would only invite a fresh look at a number working in the owner's favor.
Step 1 · Market value
Likely range $319,149 – $440,612, 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 $373,553 home should be assessed near $229,511.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $113,911 below what the ratio math suggests (49.6%).
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
21%76%
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 66 E 3RD ST | 2025-05 | $212,500 | 1,168 | 58.6% |
| 217 UNION ST | 2025-06 | $435,000 | 1,333 | 33.2% |
| 228 MILL ST | 2026-02 | $427,000 | 1,230 | 38.5% |
| 84 E 3RD ST | 2025-06 | $360,000 | 1,188 | 45.9% |
| 86 E 3RD ST | 2025-06 | $289,898 | 1,188 | 47.7% |
| 602 WINDSOR PL | 2025-04 | $570,000 | 1,256 | 48.9% |
| 278 LINDEN ST | 2025-11 | $415,000 | 1,440 | 50.3% |
| 248 S CHURCH ST | 2025-05 | $240,000 | 1,702 | 67.6% |
| 315 LINDEN ST | 2025-07 | $297,500 | 1,288 | 57.6% |
| 18 SOUTH CLOSE | 2025-10 | $320,000 | 1,236 | 49.8% |
| 322 DAWSON ST | 2025-04 | $170,000 | 1,128 | 72.3% |
| 125 SCHOOLEY ST | 2025-06 | $200,000 | 838 | 61.5% |
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