The Fair Share Report

8 Witherod 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.

Step 1 · Market value

≈ $368,347

Likely range $341,843 – $423,934, 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

60.04%

The state's official measure of how far Mount Laurel assessments sit below market value — republished every October, applied town-wide. A $368,347 home should be assessed near $221,156.

Step 3 · Assessed value

$197,900

Set at the last town-wide revaluation and mostly frozen since. That's $23,256 below what the ratio math suggests (10.5%).

Step 4 · The tax rate — same for every Mount Laurel home

$3.128 per $100 assessed

$2.107 Schools · 67% $0.495 County · 16% $0.525 Town · 17%

Step 5 · The bill

$6,651/yr
Public schools$4,482
Burlington County$1,053
Town of Mount Laurel$1,117
Mount Laurel average$7,506

This home vs. every recent Mount Laurel sale · assessed ÷ market

Town median 48.4%
This home · 53.7%

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)

AddressSoldPriceSq ftRatio
504B WHARTON RD2025-02$315,0001,58650.8%
6206B NORMANDY DR2025-10$345,0001,63355.5%
158 CAMBER LA2025-05$393,0001,58046.7%
1807 AUGUSTA CIR2025-05$295,0001,59464.1%
7 DRAKE CT2026-04$510,0001,48743.0%
7702B NORMANDY DR2026-05$365,0001,62552.5%
200 DOGWOOD DR2025-03$395,0001,48354.2%
257 RAMBLEWOOD PKY2025-09$410,0001,65645.0%
506 OLIPHANT LA2026-04$370,0001,67949.7%
9 PEPPERGRASS DR NO2025-06$435,0001,55343.9%
3604B CHADBURY RD2026-04$377,4001,63344.5%
378 INVERNESS CT2025-05$360,0001,50341.6%

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Estimates from public records — NJ MOD-IV assessments, SR1A usable sales, and Treasury/DCA rate tables. Your house has a history. Write the next chapter on Plotline →