The Fair Share Report
10 Mitchell St
Lodi, NJ 07644
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 $580,500 – $850,000, from 12 comparable Lodi sales in the past 18 months.
Step 2 · The Director's Ratio
The state's official measure of how far Lodi assessments sit below market value — republished every October, applied town-wide. A $660,000 home should be assessed near $342,738.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $215,838 below what the ratio math suggests (63.0%).
Step 4 · The tax rate — same for every Lodi home
$1.962 Schools · 55% $0.409 County · 12% $1.169 Town · 33%
Step 5 · The bill
This home vs. every recent Lodi sale · assessed ÷ market
9%65%
Keep quiet and enjoy it
This home's assessment ratio sits below the Lodi pack — the frozen assessment is treating it kindly. It pays less than a fresh look would charge.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 20 KIPP AVE | 2025-08 | $660,000 | 2,044 | 55.3% |
| 3 LORELEI TERR | 2025-06 | $560,000 | 861 | 45.0% |
| 144 COLUMBIA LN | 2025-06 | $580,500 | 1,212 | 45.9% |
| 340 WESTERVELT PL | 2025-10 | $760,000 | 1,433 | 43.8% |
| 40 AVE A | 2025-12 | $850,000 | 2,368 | 48.8% |
| 63 WASHINGTON ST | 2026-04 | $625,000 | 1,034 | 49.2% |
| 216 FARNHAM AVE | 2025-07 | $775,000 | 2,088 | 41.9% |
| 15 FIRST ST | 2026-03 | $965,000 | 2,090 | 35.0% |
| 15 FIRST ST | 2025-08 | $877,000 | 2,090 | 38.6% |
| 12 BOYD ST | 2025-12 | $634,000 | 1,643 | 42.7% |
| 71 MITCHELL ST | 2025-10 | $925,000 | 2,926 | 40.5% |
| 84 LAWRENCE AVE | 2025-07 | $510,000 | 1,460 | 56.9% |
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