The Fair Share Report
751 Cornwallis 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 $337,857 – $592,576, 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 $543,697 home should be assessed near $326,436.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $37,236 below what the ratio math suggests (11.4%).
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%91%
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 |
|---|---|---|---|---|
| 168 WILLOW TURN | 2025-10 | $312,500 | 2,100 | 55.2% |
| 24 WEST DAISY LA | 2025-08 | $505,000 | 2,141 | 47.6% |
| 551 NORWOOD RD | 2025-07 | $585,000 | 2,084 | 43.9% |
| 20 ROSE CT | 2026-05 | $350,000 | 2,025 | 68.1% |
| 145 COBBLESTONE DR | 2025-07 | $540,000 | 2,038 | 47.2% |
| 128 CALDERWOOD LA | 2025-11 | $414,900 | 2,084 | 50.9% |
| 128 CALDERWOOD LA | 2025-07 | $250,000 | 2,084 | 84.4% |
| 209 COUNTRYSIDE LA | 2025-10 | $575,000 | 2,070 | 37.4% |
| 750 CORNWALLIS DR | 2025-08 | $550,000 | 1,970 | 47.4% |
| 228 MEADOW DR | 2026-05 | $560,000 | 2,164 | 44.3% |
| 227 MEADOW DR | 2025-05 | $591,500 | 2,164 | 41.0% |
| 128 HAINES RD | 2025-06 | $539,000 | 2,084 | 45.4% |
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